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7. Hazelton Manufacturing prepares a bank reconciliation at the end of every month. At the end of May, the general ledger checking account showed a
7. Hazelton Manufacturing prepares a bank reconciliation at the end of every month. At the end of May, the general ledger checking account showed a balance of $1,348 and the bank statement showed a bank balance of $1,451. Outstanding checks totaled $340 and deposits in transit were $183. The bank statement listed service charges of $31 and NSF checks totaling $75. The corrected cash balance is:
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