Flounder Corporation is preparing a bank reconciliation and has identified the following potential reconciling items. (a) Deposit in transit $6,150.
(b) Bank service charges $38. (Use Office Expense account.)
(c) Interest credited to Flounder's account $32.
(d) Outstanding checks $7,670. (e) NSF check returned $570.
Prepare entries necessary to make Flounder's accounting records correct and complete.
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