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The following information pertains to Simms Companys April bank reconciliation. $3,550 Balance per bank statement $4,200 Balance per Simms general ledger $ 300 Bank draft

The following information pertains to Simms Companys April bank reconciliation.

$3,550 Balance per bank statement

$4,200 Balance per Simms general ledger

$ 300 Bank draft for April utilities

$ 100 Checks returned for insufficient funds

$1,400 Monthly note payment collected by the bank for Simms

$ 700 Total deposits in transit

$ 400 Checks written by the company but not processed by the bank Simms mistakenly recorded a

$200 deposit from a credit customer as a $2,000 debit to cash and credit to accounts receivable.

A check correctly recorded by Simms as a $500 disbursement was incorrectly processed by the bank as a $50 disbursement. What is the correct balance for Simms' cash based on your bank reconciliation? Prepare the journal entry needed to record reconciling items

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