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The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 3 1 . The bank statement for May 1
The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May The bank statement for May and
the May Taccount for cash showed the transactions listed below.
Martin Company's bank reconciliation at the end of April showed a cash balance of $ No deposits were in transit at the end of
April, but a deposit was in transit at the end of May.
After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger?
If the company also has $ on hand, which is recorded in a different account called Cash on Hand, what total amount of Cash and
Cash Equivalents should be reported on the balance sheet at the end of May?
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