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A company's records indicate the balance in its checking account at the end of the month is $3,918. Comparing the company's records with the monthly bank statement reveals several additional cash transactions, such as deposits in transit of $4,022, three outstanding checks totaling $497, a $30 bank service charge, a $1,000 note receivable collected by the bank plus interest earned of $35, and an NSF check for $150. Determine the company's adjusted cash balance and prepare the journal entries necessary to adjust the account balance.
Melatonin
A hormone produced by the pineal gland that regulates sleep-wake cycles, often used as a dietary supplement to treat insomnia.
Pineal Gland
A small endocrine gland in the brain that produces the hormone melatonin, which regulates sleep patterns.
Regulating Sleep Patterns
The practice of managing sleep habits to ensure consistent, quality rest and overall health.
Glucosamine Sulfate
A dietary supplement derived from shellfish that is used to support joint health and relieve symptoms of osteoarthritis.
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