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PLEASE JUST HELP ME ANSWER NUMBER 3: What amount is reported for cash in bank in the balance sheet at october 31? Raymond Corporation received
PLEASE JUST HELP ME ANSWER NUMBER 3: What amount is reported for cash in bank in the balance sheet at october 31?
Raymond Corporation received the following bank statement for the month of October. The cash records of Raymond Corporation provide the following information: 1. Prepare a bank reconciliation. Round your answers to two decimal places. (Hint: There is one transposition error in the cash account.) Raymond Corporation Bank Reconciliation Schedule \begin{tabular}{lr} \multicolumn{2}{c}{ October 31 } \\ \hline Cash balance from bank statement & 5,311.70 \\ Add: Deposit in transit & 3,408.20 \\ \hline \end{tabular} Less: Outstanding checks Adjusted cash balance Cash balance from company records Add: Error in recording check 1922 Less: Service charge NSF check Debit memo Adjusted cash balance 3. What amount is reported for cash in bank in the balance sheet at October 31 ? Round your answer to two decimal places
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