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Sarasota Corp. has just received its August 31, 2023 bank statement, which is summarized as follows: Provincial Bank of Manitoba Disbursements Receipts Balance Balance,
Sarasota Corp. has just received its August 31, 2023 bank statement, which is summarized as follows: Provincial Bank of Manitoba Disbursements Receipts Balance Balance, August 1 $9,450 Deposits during August $32,900 42,350 Note collected for depositor, including $50 interest 1,120 43,470 Cheques cleared during August $36,600 6,870 Bank service charges 35 6,835 Balance, August 31 6,835 The general ledger Cash account contained the following entries for the month of August: Cash Balance, August 1 11,710 Disbursements in August 38,592 Receipts during August 35,100 Balance, August 31 The general ledger Cash account contained the following entries for the month of August: Balance, August 1 Receipts during August 6,835 Cash 11,710 Disbursements in August 38,592 35,100 Deposits in transit at August 31 are $4,200, and cheques outstanding at August 31 total $2,000. Cash currently on hand at August 31 is $250, and there were postdated cheques from customers (for September 1) in the amount of $570. The bookkeeper improperly entered one cheque in the books at $146.00. The cheque was actually written for $164.00 for supplies and cleared the bank during the month of August. (a) Prepare a bank reconciliation dated August 31, 2023, proceeding to a correct balance. (List items that increase balance as per bank & books first.) Sarasota Corp. Dank Deconciliation August 21 2023.
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