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The following information relates to Sandhill Limited's Cash account. The reconciled cash balance from June's bank reconciliation is $18,640. During the month of July,
The following information relates to Sandhill Limited's Cash account. The reconciled cash balance from June's bank reconciliation is $18,640. During the month of July, Sandhill recorded cash receipts of $21,230 and cash payments of $23,850 in the general ledger Cash account. An examination of the company's July bank statement shows a balance of $18,791 on July 31; outstanding cheques $3,530; deposits in transit $1,430; EFT collections on account that were not yet recorded on the books $2,100; NSF cheque $1,290; NSF fee $49; and bank service charges $90. Determine the cash balance per Sandhill Limited's books. Cash balance
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