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Based on the following data, prepare a bank reconciliation for December of the current year: Balance according to the bank statement at December 31, $80,448
- Based on the following data, prepare a bank reconciliation for December of the current year:
- Balance according to the bank statement at December 31, $80,448
- Balance according to the ledger at December 31, $104,05
- The following checks were still outstanding as of Dec 31, 2019:
Check #1234 $5,301
Check #1235 $10,300
Check #1236 $6,000
- Interest earned, $100
- Deposit in transit, not recorded by bank, $113
- Bank debit memorandum for service charges, $55
- A check for $200 in payment of an invoice was incorrectly recorded in the ledger as $20
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