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Martinez Corp. has just received its August 31, 2017 bank statement, which is summarized as follows: Provincial Bank of Manitoba Disbursements Receipts Balance Balance, August
Martinez Corp. has just received its August 31, 2017 bank statement, which is summarized as follows: Provincial Bank of Manitoba Disbursements Receipts Balance Balance, August 1 $9,030 Deposits during August $31,500 40,530 Note collected for depositor, including $40 interest 1,100 41,630 Cheques cleared during August $33,630 8,000 Bank service charges 34 7,966 Balance, August 31 7,966 The general ledger Cash account contained the following entries for the month of August: Cash 9,620 Disbursements in August 36,300 Balance, August 1 Receipts during August 35,503 Deposits in transit at August 31 are $4,200, and cheques outstanding at August 31 total $1,100. Cash currently on hand at August 31 is $390 and there were postdated cheques from customers (for September 1) in the amount of $550. The bookkeeper improperly entered one cheque in the books at $149.19. The cheque was actually written for $176.19 for supplies (expense) and cleared the bank during the month of August. Prepare a bank reconciliation dated August 31, 2017, proceeding to a correct balance. (List items that increase balance as per bank & books first.) Prepare a bank reconciliation dated August 31, 2017, proceeding to a correct balance. (List items that i balance as per bank & books first.) Martinez Corp. Bank Reconciliation, August 31, 2017 Provincial Bank of Manitoba ta
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