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The cash account for $ tone Systems at July 31,20y5, indicated a balance of $12,650. The bank statement indicated a balance of 516,270 on July

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The cash account for $ tone Systems at July 31,20y5, indicated a balance of $12,650. The bank statement indicated a balance of 516,270 on July 31,20y5. Comparing the bank statement and the accompanying canceled checks and memos with the records reveals the following reconciling items: a. Checks outstanding totaled $5,860. b. A deposit of $6,100, representing receipts of July 31, had been made too late to appear on the bank statement: c. The bank had collected $3,170 on a note left for collection. The face of the note was $3,010. d. A check for $800 returned with the statement had been incorrectly recorded by Stone 5y stems as $880. The check was for the payment of an obligation to Holland Co. for the gurchase of office supplies on account. e. A check drawn for $700 had been incorrectly charged by the bank as $70. f. Bank service charges for July amounted to $20. Required: 1. Prepare a bank reconcliation. 2. Journalite the necessary entries (a.)thatincreasecashand(b.)thatdecreasecash.Theaccountshavenotbeenclosed.Ifanamountboxdoetnotrequireanentry. leave it biank. 3. If a balance sheet wece prepared for Stone Systems on July 31,20 , what amount should be reported as cash

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