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Assume that your cousin just received an account statement from the bank. The statement shows a balance of $725. Your cousins check register shows a
Assume that your cousin just received an account statement from the bank. The statement shows a balance of $725. Your cousins check register shows a balance of $500. Use the Checking Account Reconciliation form that follows to determine the dollar value of all outstanding checks. Use the following information in your calculations:
a. | The monthly service charge was $5. | |
b. | Interest earned was $5. | |
c. | No deposits were made. |
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