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7) ABC started operations in January 2013. It is preparing its June 30, 2013 bank reconciliation. The following information for the month of June is

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7) ABC started operations in January 2013. It is preparing its June 30, 2013 bank reconciliation. The following information for the month of June is available: Bank Books June Deposits ($5,000 - $1000) - $8,000 = 4000 June Withdrawals ($5,500 - 2000) $7,500 = 4000 = outstanding checks On the May bank reconciliation, ABC identified $1,000 in deposits in transit and $2,000 in outstanding checks. Additionally, ABC noted the following on its June bank statement: . Return of customer's check for insufficient funds, 6/30/2013 Bank service charges for June $200 $50 . What balance should be included on the June reconciliation for June's outstanding checks

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