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On May 31, JB Games Ltd. received its bank statement from the East Coast Savings Bank showing that JB had a balance of $13,600. The
On May 31, JB Games Ltd. received its bank statement from the East Coast Savings Bank showing that JB had a balance of $13,600. The companys general ledger showed a cash balance of $8,740 at that date. A comparison of the bank statement and the accounting records revealed the following information:
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