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Aragon Company has just received the August 31, 2021, bank statement which is summarized below. Use the following information to reconcile its balance of cash

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Aragon Company has just received the August 31, 2021, bank statement which is summarized below. Use the following information to reconcile its balance of cash per books with its August bank statement a At August 31 the company's cash book balance was $38,071. Its August bank statement showed a balance at August 31 of $47,879. b August 31 cash receipts were 5,200. The funds were not deposited into the bank until September 1 c The bank collected $10,100 related to a note that included $100 interest. The bank deducted a $50 collection fee and deposited the remaining balance into Aragon's bank account. d The bookkeeper improperly entered one check in the books for $175.00 which was correctly written for $157.00 for supplies (expense). The check cleared the bank during the month of August. e The bank withdrew a mortgage payment of $5,000 from Aragon's bank account that included $500 interest. f Bank service fees for August were $110. & The August bank statement included an NSF check for $1,200 h Checks outstanding at August 31 were 11,250. Required: (a) Prepare a bank reconciliation for the month ended August 31, 2021. (b) Prepare the general journal entries to correct the Cash Account

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