The records of Derma Corporation show the following bank statement information for December:a. Bank balance, December 31, 2012, $87,450b. Service charges for December, $50c. Rent collected by bank, $1,000d. Note receivable collected by bank (including $300 interest), $2,300e. December check returned marked NSF (check was a payment of an account receivable), $200f. Bank erroneously reduced Derma’s account for a check written by Dunna Company, $1,000g. Cash account balance, December 31, 2012, $81,200h. Outstanding checks, $9,200i. Deposits in transit, $5,0001. Prepare a bank reconciliation for December.2. Prepare the entry to correct the cash account as of December 31, 2012.View Solution:
The records of Derma Corporation show the following bank stateme



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