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The bank statement for Allen Co. indicates a balance of exist8,000.00 on June 30, 2005. After the journals for June had been posted, the cash
The bank statement for Allen Co. indicates a balance of exist8,000.00 on June 30, 2005. After the journals for June had been posted, the cash account had a balance of exist3, 675.00. Prepare a bank reconciliation on the basis of the following reconciling items: (a) Cash sales of exist342 had been erroneously recorded in the cash receipts journal as exist324. (b) Deposits in transit not recorded by bank, exist500.00 (c) Bank debit memorandum for service charges, exist25.00 (d) Bank credit memorandum for note collected by bank, exist2850, including exist50 interest (e) Bank debit memorandum for exist218.00 NSF (not sufficient funds) check from alice Bell, a customer (f) Checks outstanding, exist2, 200.00
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