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15 July, 22:53

The entry to record a purchase of $5,000 on account, terms of 2/10, n/30, would include a

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  1. 15 July, 23:12
    0
    Calculate, from the following information accumulated by Bob Verna, the adjusted cash balance at the end of July.

    Bank statement ending cash balance $6,000

    General ledger cash balance ending 8,500

    Bank monthly service charge 90

    Deposits in transit 5,000

    Outstanding cheques 3,000

    NSF cheque returned with bank statement 410
  2. 15 July, 23:13
    0
    credit to Account Payable for $5,000
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