The following information regarding cash for Alpha Company is provided for the month ending March...
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Accounting
The following information regarding cash for Alpha Company is provided for the month ending March 31, 2016:
Item
Amount
Ending Cash per Bank Statement
$22,484
Note collected by bank included interest of $106
$5,106
Bank Service Charges
$35
Deposits in Transit
$1,776
Outstanding Checks
$4,717
Customer Check returned NSF
$322
A review of the bank statement reflected that check #224 recorded in the company check register as $1,725 to settle an accounts payable, was paid by the bank for the amount of $1,275. Use this information to prepare the compound General Journal entry (without explanation) for March 31, 2016, to cause the company books to match the adjusted cash balance based on the completed bank reconciliation. If no entry is required then write "No Entry Required."
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