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Category > Management Posted 24 Jan 2018 My Price 7.00

Furgison Electric Company

The June 30 bank statement for Furgison Electric Company shows that a customer’s bad check in theamount of $960 was returned and charged against the Furgison Electric Company’s account by the bank.This is the first knowledge the company had that one of the checks deposited was not good.

The balance shown on the Furgison Electric Company’s bank statement was $22,367.14. The balanceshown on the check register was $24,696.83. The following checks were outstanding:

 

No. 363

$1,066.20

No. 396

$1,544.14

No. 387

1,972.81

No. 397

772.86

The following items required adjustment on the bank reconciliation statement:

 

Outstanding deposit:

$3,001.87

Automatic transfer to note payment:

$4,000.00

Bad check returned and charged to Furgison Electric Company’s account by the bank:

$ 960.00

Bank interest credit:

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Jan 2018 09:01 PM My Price 7.00

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