The following reconciling items are applicable to the bank reconciliation for Forde Co. Indicate how...
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Accounting
The following reconciling items are applicable to the bank reconciliation for Forde Co. Indicate how each item should be shown on a bank reconciliation. (a) Outstanding checks. Bank debit memorandum for service charge. (b) Bank credit memorandum for collecting an electronic funds transfer. (c) Deposit in transit. (d) At July 31, Blossom Company has this bank information: cash balance per bank $7.000, outstanding checks $650, deposits in transit $1,200 and a bank service charge $10. Determine the adjusted cash balance per bank at July 31 The adjusted cash balance per bank at July 31 $
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