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Use the following bank statement and T-account to prepare the May 31 bank reconciliation. Checks BANK STATEMENT Deposits Other $ 50 Date May 1 4

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Use the following bank statement and T-account to prepare the May 31 bank reconciliation. Checks BANK STATEMENT Deposits Other $ 50 Date May 1 4 12 28 30 May 31 NSF check Balance $200 240 90 70 #2 #4 #5 #6 #8 $50 $ 10 100 20 15 55 200 255 195 Service charge 5 May 1 May 3 Cash (A) 200 50 10 70 100 20 15 200 25 150 55 May 3 #2 May 4 #3 May 8 #4 May 11 #5 May 21 #6 May 29 #7 May 30 #8 May 29 May 30 May 31 305 X Answer is not complete. Bank Reconciliation May 31 Company's Books $ 195 Ending Balance per Cash Account Additions: $ Bank Statement Ending Balance per Bank Statement Additions: Deposit in Transit 305 150 150 0 345 305 Deductions: Deductions: Outstanding Checks #3 > 70 > NSF Check 50 Bank Service Charges 5 70 55 Up-to-Date Cash Balance $ 275 Up-to-Date Cash Balance $ 250

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