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The April 30, 2020, bank statement for Comet Company showed a cash balance of $6,500. The cash account in the company's general ledger (G/L), according

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The April 30, 2020, bank statement for Comet Company showed a cash balance of $6,500. The cash account in the company's general ledger (G/L), according to the company's records on April 30, had a balance of $3,720. The following additional data were revealed during the reconciliation process: a 1. Adeposit of $600 that had been made by the company on March 31 was processed by the bank in April, and a deposit of $1,000 made on April 30 had not yet been processed by the bank. 2. The bank statement listed a deposit for $300 that was mistakenly put in Comet Company's bank account; it should have gone to Comment Company's account 3. Comet Company determined that there were three cheques that had not yet been processed by the bank: #466 for $1.000, #467 for $500 and #470 for $1.000. 4. One of Comet's customers paid their account, transferring funds electronically to Comet's account. The amount transferred was $1,010 5. The bank service charge for the month was $30 Prepare a bank reconciliation for Comet Company as at April 30, 2020. (List items that increase balance as per bank & books first.) Comet Company Bank Reconciliation As of April 30, 2020 What cash balance should Comet Company report on its statement of financial position as at April 30, 2020? Cash balance $ Prepare the journal entries that are required to bring Comet Company's Cash account to its correct balance. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Account Titles and Explanation Debit Credit (To record bank charges) (To record collection of accounts receivable)

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