In preparing its bank reconciliation for the month of February, Jesse Company has available the following information:
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Question:
In preparing its bank reconciliation for the month of February, Jesse Company has
available the following information:
Balance per bank statement, February 28
$20,025
Deposit in transit, February 28
3,125
Outstanding checks, February 28
2,875
Check erroneously deducted by bank from Jesse's account, February 10
25
Bank service charges for February
25
What is the corrected cash balance at February 28?
Expert Answer:
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