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3. At the end of April, Classic Cinema's accounting records show a cash balance of $5,240. The April bank statement reports a cash balance of

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3. At the end of April, Classic Cinema's accounting records show a cash balance of $5,240. The April bank statement reports a cash balance of $6,700. The following information is gathered from the bank statement and company records Checks outstanding $3,200 Customer's NSF check $1,100 Deposits outstanding 800 Service fees 100 Interest earned 80 In addition, Classic discovered it correctly paid for utilities with a check for $350 but incorrectly recorded the check in the company's records for $530. The bank correctly processed the check for $350. Required: 1 Prepare a bank reconciliation for the month of April. Classic Cinema Bank Reconciliation April 30 Bank's Cash Balance Company's Cash Balance Per bank statement Per general ledger Deposits outstanding Interest earned Company error Service charge NSF check Checks outstanding Bank balance per reconciliation Company balance per reconciliation 2) Record the necessary entry (ies) to adjust the balance of cash in the company's records. Date General Journal Debit Credit

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