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Using the following information, prepare the journal entries to reconcile the bank statement. Bank balance: $4,678 Book balance: $2,749 Deposits in transit: $323 Outstanding checks:

Using the following information, prepare the journal entries to reconcile the bank statement.

Bank balance: $4,678

Book balance: $2,749

Deposits in transit: $323

Outstanding checks: $108 and $634

Bank service charges: $25

Notes receivable: $1,500; Interest income: $35

If an amount box does not require an entry, leave it blank.

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