The cash account shows a balance of S45,000 before reconciliation. The bank statement does not...
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Accounting
The cash account shows a balance of S45,000 before reconciliation. The bank statement does not include a deposit of $2,300 made on the last day of the month. The bank statement shows a collection by the bank of $940 and a customers check for $320 was returned because it was NSF. A customer's check for $450 was recorded on the books as $540, and a check written for $79 was recorded as $97. The correct balance in the cash account was
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