Essay
The following information is available for the Edwards Company for its March 31 bank reconciliation:
From the March 31 bank statement:
NSF: A check from a customer,Cook Co.in payment of their account.
IN: Interest earned on the account.
From the Edwards Company's accounting records:
a.Based on the above information,prepare a bank reconciliation for the Edwards Company.
b.Prepare the necessary general journal entries to adjust cash to the reconciled balance.
Correct Answer:
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