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Using the following information, prepare a bank reconciliation for Young Co. for August 31, 2009: The bank statement balance is $4,010 The cash account balance

Using the following information, prepare a bank reconciliation for Young Co. for August 31, 2009:

The bank statement balance is $4,010

The cash account balance is $4,207.

Outstanding checks amounted to $517.

Deposits in transit are $633.

The bank service charge is $45.

A check for $84 for supplies was recorded as $48 in the ledger.

Young Co. Bank Reconciliation August 31, 2009
Cash balance according to bank statement $
Add deposits in transit not recorded by bank
$
Deduct outstanding checks
Adjusted balance $
Cash balance according to company's records $
Deduct: Bank service charge $
Error in recording
Adjusted balance $

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