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1. The bank statement for Gatlin Co. indicates a balance of $7,735.00 on June 30, 2010 After the journals for June had been posted, the

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1. The bank statement for Gatlin Co. indicates a balance of $7,735.00 on June 30, 2010 After the journals for June had been posted, the cash account had a balance of $4,098.00 Prepare a bank reconciliation on the basis of the following reconciling items: (a) Cash sales of $742 had been erroneously recorded in the cash receipts journal as (b) Deposits in transit not recorded by bank, $425.00 (c) Bank debit memo for service charges, $35.00 (d) Bank credit memo for note collected by bank, $2.475 including $75 interest. (e Bank debit memo for s25600 NSF (not sufficient funds) check from Janice Smith, a customer (D Ch ecks outstanding, sl 86000. 1.418. 11M

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