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a. Use the data in the bank reconciliation to prepare a new bank reconciliation for Inges Corp. that adjusts both the company's books and the

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a. Use the data in the bank reconciliation to prepare a new bank reconciliation for Inges Corp. that adjusts both the company's books and the bank statement balance in a two-section format. Inges Corp. Bank Reconciliation August 31 Cash balance according to bank statement Adjusted balance Cash balance according to company's records N000 000 ni Total additions Adjusted balance b. If a balance sheet were prepared for Inges Corp, on August 31, what amount should be reported for cash $14,690 An accounting clerk prepared the following bank reconciliation for Inges Corp. Inges Corp. Bank Reconciliation August 31 Cash balance according to company records Adjustments: Outstanding checks Error by company in recording Ck. No. 2490 as $1,540 instead of $1,450 Note collected by bank, including $200 interest Deposit in transit on August 31 Bank service charges Total adjustments Cash balance according to bank statement $1,020 90 3,200 (2,750) (40) 1,520 $16,210

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