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General Company's Cash account shows a $6,400 debit balance and its bank statement shows $5,790 cash on deposit at the close of business on
General Company's Cash account shows a $6,400 debit balance and its bank statement shows $5,790 cash on deposit at the close of business on August 31. Additional information follows. a. August 31 cash receipts of $2,140 were placed in the bank's night depository after banking hours and were not recorded on the August 31 bank statement.
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