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True/False 1. Bank service charges are subtracted from the bank's side of the bank reconciliation 2. A company's correct amount of cash is the totaled

True/False

1. Bank service charges are subtracted from the bank's side of the bank reconciliation

2. A company's correct amount of cash is the totaled amount at the bottom of the bank reconciliation

3. Notes receivable and notes payable can be used instead of accounts receivable and accounts payable when payment will take longer than expected.

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