p211 4-4B - 79.36 1. Interest revenue earned on Bank...

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Palm Harbor Apartments August 31 20X0 Bank Reconciliation Bank Balance August 31 4484.22 3. Deposit 300 4784.22 Less: Oustanding Checks No. 237 $46.10 No. 288 $141.00 No. 291 $578.05 No. 293 $11.87 No. 294 $609.51 No. 295 $8.88 No. 296 $101.63 $1,497.04 Adjusted Bank balance $3,287.18
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Books Balance August 31 $3,366.14 1. Interest revenue earned on Bank Balance $38.19 2. Bank Collection of note recieveable including 79.36 of interest $891.17 $4,295.50 Less 4. EFT Payment of Utilities and Expenses $1,040.00 5. Bank Service Charge $10.50 6. Charges for returned checks $541.67 $1,592.17 Adjusted book balance $2,703.33 Debit Credit 2. Bank Collection of note recieveable including 79.36 of interest Cash 79.36 Notes Recievable
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Unformatted text preview: 79.36 1. Interest revenue earned on Bank Balance Cash $38.19 Interest revenue $38.19 4. EFT Payment of Utilities and Expenses Cash $1,040.00 Notes Payable $1,040.00 5. Bank Service Charge Cash $10.50 Service Charge $10.50 6. Charges for returned checks Cash $541.67 Returned check charge $541.67 3. This exercise will help me run a busniess because it helps to put into perspetive what happens with checks and how they are processed it also makes you aware that you have to keep track of f all of your checks because if you dont and a check doesnt clear or a check bounces you can get in a lot of troub ble if your checks arent accurately recorded....
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p211 4-4B - 79.36 1. Interest revenue earned on Bank...

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