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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

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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 $3,376. The following additional data were revealed during the reconciliation process: 1. A deposit of $640 that had been made by the company on March 31 was processed by the bank in April, and a deposit of $1,400 made on April 30 had not yet been processed by the bank. 2. The bank statement listed a deposit for $420 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 $520, and #470 for $1,100 4. One of Comet's customers paid their account, transferring funds electronically to Comet's account. The amount transferred was $1,524. 5. The bank service charge for the month was $40. Prepare a bank reconciliation for Comet Compary as at April 30, 2020. (tist items that increase balance as per benk 6 books first) What cash balance should Comet Company report on its statement of financial position as at April 30, 2020? Cashbalance 5 eTextbook and Media List of Accounts Prepare the journal entries that are required to bring Comet Company's Cash account to its correct balance, Credit occount tittes are automatically indented when amount is entered, Do not indent manually. If no entry is required, sefect "No Entry" for the occount titles and enter O for the amounts.)

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