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Bank reconciliation The cash account on the ABC's books shows a balance at June 30, 2021 of $16,152. The bank statement at June 30, shows
Bank reconciliation The cash account on the ABC's books shows a balance at June 30, 2021 of $16,152. The bank statement at June 30, shows a balance of $18,325.25. The following items are used to reconcile the bank balance. 1. On June 30, the company made a deposit of $1,500 in the ATM too late to appear on the June 30 bank statement. 2. The bank statement for June 30 showed the account had received $5.25 of interest from the bank but was also charged a bank service fee of $75. 3. The bank statement showed that a $150 check received from a customer to pay his accounts receivable bounced. 4. The bank receivable a note receivable payment or $1,000 from a customer on behalf of ABC. The principal amount was $950 and the interest was $50. 5. A check written for $75 was cleared by the bank for $250. 6. There were $3,068 in outstanding checks. a Prepare the bank reconciliation and make the appropriate journal entries
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