Mission College Bank Statement Journal Entry

1. Using the following information, prepare a bank reconciliation. Bank balance: $12,565 Book balance: $13,744 Deposits in transit: $2,509 Outstanding checks: 1,777 Bank charges: $125 Bank incorrectly charged the account $142. The bank will correct the error next month. Check number 1879 correctly cleared the bank in the amount of $562 but posted in the […]
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