=+vThe following data were accumulated for use in reconciling the bank account of Spectrum Co. for July:
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=+vThe following data were accumulated for use in reconciling the bank account of Spectrum Co.
for July:
a. Cash balance according to the company’s records at July 31, $8,346.50.
b. Cash balance according to the bank statement at July 31, $9,066.35.
c. Checks outstanding, $3,175.25.
d. Deposit in transit, not recorded by bank, $2,615.40.
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