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You receive the bank statement for the business from the bank for the month and note that the bank account has a balance of $34

You receive the bank statement for the business from the bank for the month and note that the bank account has a balance of $34 000 CR. Explain why the account has a credit balance on the bank statement, and whether you would expect the Cash at Bank account in the general ledger to have a debit or a credit balance and why

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