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Exercise 216 a. The bank statement balance is $7,650 b. The cash account balance is $6,422. c. Outstanding checks totaled $1,650 d. Deposits in transit

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Exercise 216 a. The bank statement balance is $7,650 b. The cash account balance is $6,422. c. Outstanding checks totaled $1,650 d. Deposits in transit are $900 e. The bank service charge is $22. f. Collection of note by bank, $500 Hammond Company Bank Reconciliation June 30, 2017

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