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Question

Directions: Complete the bank reconciliation bellow based on the following information

NSF Checks returned

were $5,200, outstanding checks were $25,820.52, Service charges were $31.13

Customer note collection was $53,101.11, deposit in transit was $9,245.89 and interest earnings were 3,953.00


Can you please with the information above help me figure out this problem with the highlighted yellow areas?

The only hints I was given were what is listed above and :

.

•Each item that is listed as an outstanding item will only be used once.

•Once you have completed it successfully, the correct balance amount for the bank records and company records will match at $127,649.36


thank you.


pic3.jpg

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Ending balance per bank statement
$ 144 223.99
Add
Deduct
True Cash Balance
Ending company balance per company records
$75,826.38
Add:
Deduct:
. .
True Cash Balance
$75.826. 38

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