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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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