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On December 31 Bill's company checkbook showed a $587.98 balance. Bill's bank statement showed a $687.99 balance. Check 590 for $123.09 and check 592 for
On December 31 Bill's company checkbook showed a $587.98 balance. Bill's bank statement showed a $687.99 balance. Check 590 for $123.09 and check 592 for $33.44 were outstanding. A $200 deposit was in transit. The bank charged a $15 service fee. The statement showed $2.55 in interest earned and an unrecorded $150 deposit. Does his account balance match the statement? If not, what is the difference in the balance?
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