Business, 13.07.2021 16:00 bigbear123
The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. for August 20Y9:
a. Cash balance according to the company's records at August 31, $27,060.
b. Cash balance according to the bank statement at August 31, $28,460.
c. Checks outstanding, $5,490.
d. Deposit in transit, not recorded by bank, $4,410.
e. A check for $480 in payment of an account was erroneously recorded by Kaycee Sisters Inc. as $840.
f. Bank debit memo for service charges, $40
Required:
Record the effects on the accounts and financial statements of the company based upon the information above.
Answers: 1
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The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. f...
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