Hussain Company is unable to reconcile the bank balance at January 31. Hussain's reconciliation is as follows. Cash balance per bank $5,300 1,490 Less: Bank service charge Adjusted balance per bank...

Can you help me with A and B?Hussain Company is unable to reconcile the bank balance at January 31. Hussain's reconciliation is as<br>follows.<br>Cash balance per bank<br>$5,300<br>1,490<br>Less: Bank service charge<br>Adjusted balance per bank<br>Add: NSF check<br>25<br>$6,765<br>Cash balance per books<br>Less: Deposits in transit<br>$5,905<br>950<br>Add: Outstanding checks<br>Adjusted balance per books<br>1,860<br>$6,815<br>Instructions<br>(a)<br>(b)<br>Prepare a correct bank reconciliation<br>Journalize the entries required by the reconciliation<br>

Extracted text: Hussain Company is unable to reconcile the bank balance at January 31. Hussain's reconciliation is as follows. Cash balance per bank $5,300 1,490 Less: Bank service charge Adjusted balance per bank Add: NSF check 25 $6,765 Cash balance per books Less: Deposits in transit $5,905 950 Add: Outstanding checks Adjusted balance per books 1,860 $6,815 Instructions (a) (b) Prepare a correct bank reconciliation Journalize the entries required by the reconciliation

Jun 02, 2022
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