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i need help solving this problem please!! Cullumber Company has just received the August 31, 2017, bank statement, which is summarized below. County National Bank
i need help solving this problem please!!
Cullumber Company has just received the August 31, 2017, bank statement, which is summarized below. County National Bank Balance, August1 Deposits during August Note collected for depositor, including $66 interest Checks cleared during August Bank service charges Balance, August 31 Disbursements Receipts Balance $15,468 $53,16268,630 1,717 70,347 13,387 13,354 13,354 $56,960 The general ledger Cash account contained the following entries for the month of August. Cash 16,593 Disbursements in August 57,785 57,638 Balance, August 1 Receipts during August Deposits in transit at August 31 are $6,274, and checks outstanding at August 31 total $1,734. Cash on hand at August 31 is $512. The bookkeeper improperly entered one check in the books at $146.50 which was written for $164.50 for supplies (expense); it cleared the bank during the month of August Prepare a bank reconciliation dated August 31, 2017, proceeding to a correct balance CULLUMBER COMPANY Bank Reconciliation, August 31, 2017 County National Bank Balance per bank statement, August 31, 2017 AddStep by Step Solution
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