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The bank statement for Sandhill Company indicates a balance of $1.750 on June 30. The cash balance per books had a balance of $720 on

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The bank statement for Sandhill Company indicates a balance of $1.750 on June 30. The cash balance per books had a balance of $720 on this date. The following information pertains to the bank transactions for the company. 1. Deposit of $900, representing cash receipts of June 30, did not appear on the bank statement. 2. Outstanding checks totaled $430. 3. Bank service charges for June amounted to $44. 4. The bank collected a note receivable for the company for $1,550 plus $74 interest revenue. 5. An NSF check for $80 from a customer was returned with the statement. Prepare a bank reconciliation for June 30. SANDHILL COMPANY Bank Reconciliation June 30 Add : Deposit in Transit Less : Outstanding Checks Add Deposit in transit Error Less : Outstanding Checks

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