E 6-9 LOG Preparing a Bank Reconciliation The records of Derma Corporation show the following bank statement information

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E 6 9 Log Preparing A Bank Reconciliation The Records Of Derma Corporation Show The Following Bank Statement Information 1 (24.25 KiB) Viewed 16 times

E 6-9 LOG Preparing a Bank Reconciliation The records of Derma Corporation show the following bank statement information for December: a. Bank balance, December 31, 2017, 587,450 b. Service charges for December, $50 c. Rent collected by bank, S1,000 d. Note receivable collected by bank (including $300 interest), $2,300 e December check returned marked NSF (check was a payment of an account receivable), $200 f. Bank erroneously reduced Derma's account for a check written by Dunna Company, $1,000 & Cash account balance, December 31, 2017, $81,200 h. Outstanding checks, 99,200 i. Deposits in transit, 55,000 1. Prepare a bank reconciliation for December. 2. Prepare the entry to correct the cash account as of December 31, 2017