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On December 31, Mclnnis Ltd. had a cash balance of $18,395 in its general ledger. A comparison of the bank statement with the Cash account
On December 31, Mclnnis Ltd. had a cash balance of $18,395 in its general ledger. A comparison of the bank statement with the Cash account revealed the following: Cheques written in Dec totaled \$3,987. Of these, $2,612 worth cleared the bank in December. A deposit of $2,389 made on December 31 was not recorded by National Bank until January 5
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