Flounder corporation is preparing a bank reconciliation and has identified the following potential reconciling items.
(a) deposit in transit $6,150.
(b) bank service charges $38. (use office expense account.)
(c) interest credited to flounder’s account $32.
(d) outstanding checks $7,670.(e)nsf check returned $570.
prepare entries necessary to make flounder’s accounting records correct and complete.
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Flounder corporation is preparing a bank reconciliation and has identified the following potential r...
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