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The following information regarding cash for Alpha Company is provided for the month ending March 31, 2016:

Item

Amount

Ending Cash per Bank Statement

$1,500

Ending Cash per Company Books

$1,705

Bank Service Charges

$15

Deposits in Transit

$325

Outstanding Cheques

$230

Customer Cheque returned NSF

$95

In the text it shows an example where they needed to raise the company ending balance to be the same as the correct cash balance. So in their journal entry I see that they debit cash. For this problem, it seems to me that we needed to lower the company ending balance to be at the correct cash balance. So I debit Accounts Receivable and Miscellaneous and credit Cash. My question is if we need to lower a company ending balance to be the same as the correct cash balance do we credit cash?

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