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(Solved by Expert Tutors) The following information regarding cash for Alpha Company is pr


The following information regarding cash for Alpha Company is provided for the month ending March 31,

2016:

Item

Amount

Ending Cash per Bank Statement

$25,000

Note collected by bank included interest of $115

$5,615

Bank Service Charges

$55

Deposits in Transit

$2,775

Outstanding?Cheques

$4,500

Customer?Cheque?returned NSF

$350

A review of the bank statement reflected that?cheque?#224 recorded in the company?chequeregister as $1,735 to settle an accounts payable, was paid by the bank for the amount of $1,375. 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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DATE ANSWERED

Apr 19, 2020

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