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Current Attempt in Progress Sheffield Foods has a closing reconciled cash balance of $13,440. The company had received and recorded $8,960 from customers, depositing the
Current Attempt in Progress Sheffield Foods has a closing reconciled cash balance of $13,440. The company had received and recorded $8,960 from customers, depositing the same in the bank. Sheffield also issued $15,680 in cheques to suppliers, of which $10,080 had cleared the bank. Calculate the company's balance on its bank statement. Balance on bank statement $
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