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The Ariel Company showed a Cash account balance of exist17, 500 on August 31, 2013. The bank statement indicated a balance of exist15, 850. Closer
The Ariel Company showed a Cash account balance of exist17, 500 on August 31, 2013. The bank statement indicated a balance of exist15, 850. Closer examination of bank and company documents revealed the following items: a. Checks outstanding totaled exist1, 650, and deposits in transit were exist4, 100. b. A check for exist5 in payment of an account payable that was returned with the bank statement had been recorded as exist59 in the check register. c. The bank collected a note for the company, exist800. d. Bank service charges for August were exist54. Prepare a bank reconciliation, in good form. For the toolbar, press ALT+F10 (PC) or ALT + FN F10 (Mac)
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