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Hazelton Manufacturing prepares a bank reconciliation at the end of every month. At the end of May, the general ledger checking account showed a balance
Hazelton Manufacturing prepares a bank reconciliation at the end of every month. At the end of May, the general ledger checking account showed a balance of $1,510 and the bank statement showed a bank balance of $1,295. Outstanding checks totaled $425 and deposits in transit were $225. The bank statement listed service charges of $105 and NSF checks totaling $310. The corrected cash balance is:
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