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katovenus [111]
3 years ago
11

Bank reconciliation information for Kaden Co. for May 31 is as follows: (a) The bank statement balance is $2,936. (b) The cash a

ccount balance is $3,194. (c) Outstanding checks amounted to $465. (d) Deposits in transit are $655. (e) The bank service charge is $50. (f) A check for $97 for supplies was recorded as $79 in the ledger. Required: Record the appropriate journal entry for Kaden Co. Refer to the Chart of Accounts for exact wording of account titles.
Business
1 answer:
g100num [7]3 years ago
5 0

Answer:

bank service expense 50 debit

supplies                        18 debit

             cash                           68 credit

--to record bank reconciliation--

Explanation:

We have to adjust the cash balance for the transactions unknow for the company which are the bank service charge of $50 and the mistake in the accounting  for $18

we actually spend 97 but recorded 79 thus, we increase supplies by 18

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Answer:

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Brown now has the right to seek an injunction - a court order controlling or restricting a person's behaviour - against Watkins on the basis of nuisance.

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The interest paid will therefore be dependent on the credit rating of the company and the term of the loan that it took out as these show different types of risk.

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