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Exercise 6- Given the following, prepare a bank reconciliation for July 31 : I he bank statement shows an ending balance for July of $600
Exercise 6- Given the following, prepare a bank reconciliation for July 31 : I he bank statement shows an ending balance for July of $600 Uur general ledger balance shows an ending balance tor July of $261 We correctly recorded check #/$2 tor $10$, but the bank mistakenly deducted $84 the bank deducted $24 (its monthly service charge). Un //31 we recorded a deposit tor $189 that doesn't show on the bank statement. I he bank added $30 to our account for interest earned this month. i he bank statement shows an electronic funds transter (t+1) ot $135 into the account. i he bank collected a $240 note on our behalt. I he bank statement deducted \$120 (the amount of our customer's check which bounced). We mistakenly deducted $11 / tor check #691, it correctly cleared the bank for $96 We deducted $225 of checks that weren't on the bank statement (outstanding checks)
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