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The cash balance in ABC Company's general ledger is $14,000 and the

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The cash balance in ABC Company's general ledger is $14,000 and the cash balance shown on its bank statement is $19,000. Reconciling items include outstanding checks totaling $8,000, deposits in transit totaling $4,000, unrecorded bank service charges of $1,000, and interest revenue shown on the bank statement of $2,000. For what amounts should ABC Company make adjusting entries?

 

Paper#25350 | Written in 18-Jul-2015

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