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The bank statement for the Mini Mart Corporation shows a balance of ( $ 1 , 2 0 0 ) on June

The bank statement for the Mini Mart Corporation shows a balance of \(\$ 1,200\) on June 30, but the company's cash in bank account had a balance of \(\$ 280\) on the same date. Comparison of the amounts reported on the bank statement with the company's records indicates (a) deposits of \(\$ 170\), representing cash receipts of June 30, that did not appear on the bank statement; (b) outstanding cheques totalling \(\$ 260\); (c) bank service charges for June amounting to \(\$ 7\); (d) collection of a note receivable by the bank on behalf of the company for \(\$ 870\) plus \(\$ 43\) in interest revenue; and (e) a cheque for \(\$ 76\) from a customer that was returned with the bank statement and marked NSF. Required: 1. Prepare a bank reconciliation statement for Mini Mart Corporation as at June 30.2. Prepare any journal entries that should be made as a result of the bank reconciliation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)4. What is the amount of cash that the company should report on its statement of financial position at June 30?

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