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Using the following information, prepare a bank reconciliation for Happy Company for May 31, 2022. The bank statement balance is $8,200. The cash account balance
Using the following information, prepare a bank reconciliation for Happy Company for May 31, 2022.
- The bank statement balance is $8,200.
- The cash account balance is $6,586
- Outstanding checks totaled $1,950.
- Deposits in transit are $500.
- The bank service charge is $36.
- Collection of note by the bank, $200.
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