Bank reconciliation information for Cole Co. for May 31, 2011 is as follows:


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Bank reconciliation information for Cole Co. for May 31, 2011 is as follows: 1 answer below » View complete question » 1. Bank reconciliation information for
Cole Co. for May 31, 2011 is as follows: (a) The bank statement balance is $2,936. (b) The cash account 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. Record the appropriate journal entry for Cole Co. 1. Bank reconciliation information for
Cole Co. for May 31, 2011 is as follows: (a) The bank statement balance is $2,936. (b) The cash account 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. Record the appropriate journal entry for Cole Co. 2. Consider the following journal entry made by Jones
Company. Upon investigation, what might you find happened to create this amount of Cash Over/Short account difference? Give three possible reasons for this
difference. How much was the Beginning Balance of the Cash Account? Cash 2,235.00 Cash Short and Over 100.00 Sales 2,135.00 View less » Dec 06 2013 08:33 AM

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