Blossom Wyatt is unable to reconcile the bank balance at January 31. Blossom's reconciliation is...
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Blossom Wyatt is unable to reconcile the bank balance at January 31. Blossom's reconciliation is as follows. Cash balance per bank Add: NSF cheque Less: Bank service charge Adjusted balance per bank Cash Less: Deposits in transit Add: Outstanding cheques Adjusted balance per books $3,000.00 400.00 20.00 $3,380.00 $3,220.00 500.00 700.00 $3,420.00 Prepare a correct bank reconciliation. (List items that increase balance as per bank & books first.) Bank Reconciliation January 31 $ Deposits in transit Cash balance per bank statement NSF cheque Adjusted cash balance per bank Bank service charge Outstanding cheques $ $ $ $ Journalize the entries required by the reconciliation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 31
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