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2. Use the following information to prepare a bank reconciliation for Magee Company at August 31, 2016: (1) Cash account balance, $18,273.40. (2) Bank statement

2. Use the following information to prepare a bank reconciliation for Magee Company at August 31, 2016:

(1) Cash account balance, $18,273.40.

(2) Bank statement balance, August 31, $16,315.00.

(3) Deposits in transit, $2,800.00.

(4) Outstanding checks, August 31, $1,850.80.

(5) Service charge on bank statement not recorded in books, $44.00.

(6) Bank error - another companys check charged on Magee Companys bank statement, $245.20.

(7) Check for repairs expense, $1,680, incorrectly recorded in books as $960.00.

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