The bank statement shows a balance of $7,000. Comparison of the bank statement to the...
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Accounting
The bank statement shows a balance of $7,000. Comparison of the bank statement to the depositor records shows an outstanding check of $1,000 and a deposit in transit of $275. In addition, it is discovered that another companys $250 check has been erroneously charged against your firms account. The reconciled bank balance is: $6,275 $6,250 $6,525 $7,475 $6,025
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