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If someone can do 1 for me I would appreciate that so much Saved Help Sa Exercise 4-10B Calculate the balance of cash using a
If someone can do 1 for me I would appreciate that so much
Saved Help Sa Exercise 4-10B Calculate the balance of cash using a bank reconciliation (L04-5) On August 31. Year 1, the general ledger of a company shows a balance for cash of $7.904. Cash receipts yet to be deposited into the checking account total $3,298, and checks written by the academy but not yet processed by the bank total $1,385. The company's balance of cash does not reflect a bank service fee of $31 and interest earned on the checking account of $42. These amounts are included in the balance of cash of $6,002 reported by the bank as of the end of August. Required: 1. Prepare a bank reconciliation to calculate the correct ending balance of cash on August 31. Year 1. (Amounts to be deducted should be indicated with a minus sign.) Bank Reconciliation August 31, Year 1 Company's Cash Balance Per General Ledger Bank's Cash Balance Per Bank Statement Bank Balance per Reconciliation Company Balance per ReconciliationStep by Step Solution
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