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Tony is unable to reconcile the bank balance at 31 January. Tony's reconciliation is as follows. Cash balance per bank 4,660.20 Add: NSF cheque 590.00

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Tony is unable to reconcile the bank balance at 31 January. Tony's reconciliation is as follows. Cash balance per bank 4,660.20 Add: NSF cheque 590.00 Less: Bank service charge 25.00 Adjusted balance per bank 5,225.20 Cash balance per books 4,875.20 Less: Deposits in transit 530.00 Add. Outstanding cheques 930.00 Adjusted balance per books 5,275.20 Required: Prepare a correct bank reconciliation. . Journalise the entries required by the reconciliation. [Answer here] Details Amount

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