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DAKOTA CO. Bank Reconciliation For the Month Ended June 30, 20Y3 Cash balance according to bank statement $42,365 Add outstanding checks: No. 7715 $2,683 7760
DAKOTA CO. Bank Reconciliation For the Month Ended June 30, 20Y3 | |||||||
Cash balance according to bank statement | $42,365 | ||||||
Add outstanding checks: | |||||||
No. | 7715 | $2,683 | |||||
7760 | 1,693 | ||||||
7764 | 3,422 | ||||||
7765 | 1,434 | 9,232 | |||||
$51,597 | |||||||
Deduct deposit of June 30, not recorded by bank | 11,470 | ||||||
Adjusted balance | $40,127 | ||||||
Cash balance according to company's records | $28,906 | ||||||
Add: Proceeds of note collected by bank: | |||||||
Principal | $11,100 | ||||||
Interest | 666 | $11,766 | |||||
Service charges | 55 | 11,821 | |||||
$40,727 | |||||||
Deduct: Check returned because of insufficient funds | $5,014 | ||||||
Error in recording June 20 deposit of $21,440 as $12,440 | 9,000 | 14,014 | |||||
Adjusted balance | $26,713 |
Prepare a corrected bank reconciliation.
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