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Bank Reconciliation How to get this answer> Beagle Company received its bank statement for the month. The bank statement balance is $1,398 Beagle determined that
Bank Reconciliation
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Beagle Company received its bank statement for the month. The bank statement balance is $1,398 Beagle determined that $275 of deposits made during the month and $412 of checks written during the month were not on the bank statement The balance in the cash account on Beagle s books was $1,143. The bank statement showed that a $1,000 note and $100 interest on the note had been collected by the bank for Beagle There was a $25 service charge, and an NSF check from a customer for $777. Beagle had not recorded any of these items on its books. In addition. Beagle found an error in recording its own Check #606 The check was written and correctly cleared the bank for $531. but was recorded as $351 in Beagle books. Caluclate the amount of the adjusted cash balance that should be reported on the bank reconciliation and the Balance Sheet Do not use a $ in yourStep by Step Solution
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