Q2: Tyler com. Began doing business with Security bank on October 1. On that date...
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Q2: Tyler com. Began doing business with Security bank on October 1. On that date the correct balance was 4000 $. All transactions are cleared through the bank account.
Subsequent transactions during October and November relating to the records of Tyler co. and Security bank are summarized below
Tyler Comp. record
Security bank books
October deposit
7360 $
7110
October checks
6290
6130
October service charges
10
October 31 balance
5070
4970
November deposit(regular)
8220
8280
November checks
9410
9220
November service charges
15
Note collected by
1015
bank(included $15 interest)
October Service charges
10
November 30 balance
3870
5030
Required: Prepare bank reconciliation statement to correct balance and give entries required
Q2: Tyler com. Began doing business with Security bank on October 1. On that date the correct balance was 4000$. All transactions are cleared through the bank account. Subsequent transactions during October and November relating to the records of Tyler co. and Securitu hank are summarized halow Kequired: Prepare bank reconciliation statement to correct balance and give entries required
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