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The accounting records and bank statement of Seki's Jewellers provided the following information at the end of July. The closing business cash account balance was

The accounting records and bank statement of Seki's Jewellers provided the following information at the end of July. The closing business cash account balance was \(\$ 55,000\), and the bank statement shows an ending balance of \(\$ 54,000\).
Reviewing the bank statement reveals that a customer electronically deposited \(\$ 3,850\) and a bank fee of \(\$ 350\) was charged to the bank account. These have not yet been recorded in the business cash account.
Which of the following events is required for the cash balances to reconcile?
Group of answer choices
A deposit of \(\$ 3,500\) on 31 July was not yet recorded by the bank.
None of the other answers
A deposit of \(\$ 4,500\) on 31 July was not yet recorded by the bank.
A cash sale of \(\$ 3,500\) was incorrectly recorded twice by the bank.
A cash sale of \(\$ 4,500\) was incorrectly recorded twice by the bank.
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