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Exercise 3 - Given the following, prepare a bank reconciliation for Mav 31: The bank statement shows an ending balance for May of $1890 Our

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Exercise 3 - Given the following, prepare a bank reconciliation for Mav 31: The bank statement shows an ending balance for May of \$1890 Our general ledger balance shows an ending balance tor May of \$1356 The bank statement deducted \$174 (the amount of our customer's check which bounced). We mistakenly deducted \$270 tor check #253, it correctly cleared the bank for $324 The bank added $90 to our account for interest earned this month. We correctly recorded check #262 tor $150, but the bank mistakenly deducted \$168 The bank deducted $90 (its monthly service charge). The bank collected a $720 note on our behalt. On 5/31 we recorded a deposit for $480 that doesn't show on the bank statement. The bank statement shows an electronic funds transter (EFT) of $180 into the account. We deducted \$360 of checks that weren't on the bank statement (outstanding checks)

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