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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following data were accumulated for use in reconciling the bank account of Mathers Co. for July:
1. | Cash balance according to the company’s records at July 31, $32,110. |
2. | Cash balance according to the bank statement at July 31, $31,350. |
3. | Checks outstanding, $2,870. |
4. | Deposit in transit, not recorded by bank, $4,150. |
5. | A check for $170 in payment of an account was erroneously recorded in the check register as $710. |
6. | Bank debit memo for service charges, $20. |
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