Week3 - HARRISON/HORNGREN, FINANCIAL ACCOUNTING 5E Problem...

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HARRISON/HORNGREN, FINANCIAL ACCOUNTING 5E Problem 4-3B Name Mahanaim Peterson Section E A B C D E F G H 5 Investors Brokerage Co. 6 Bank Reconciliation 7 April 30, 20X4 8 9 Bank: 10 Balance, April 30, 20X4 $6,413 11 Add: 12 Deposits in transit 10,578 13 16,991 14 Less: 15 Total outstanding checks 10,924 16 Adjusted bank balance, April 30, 20X4 $6,067 17 18 Books: 19 Balance, April 30, 20X4 $4,642 20 Add: 21 EFT collection of rent $326 22 Book error 540 23 Bank collection of notes receivable, 24 including interest of $185 1,701 2,567 25 7,209 26 Less: 27 Monthly Insurance 219 28 Service Charge 20 29 Unauthorized Signature 903 1,142 30 Adjusted book balance, April 30, 20X4 $6,067 31 32 Type answer starting here 33 34 To control cash a company examines the bank reconciliation to make sure no money is bein 35 36 37 38 39 40 End of Problem
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HARRISON/HORNGREN, FINANCIAL ACCOUNTING 5E ing stolen from the company. By writing checks it provides the company with a record of payment.
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Week3 - HARRISON/HORNGREN, FINANCIAL ACCOUNTING 5E Problem...

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