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Business, 04.08.2021 19:10 fatty18

The following data were accumulated for use in reconciling the bank account of Nakajima Co. for July: Cash balance according to the company's records at July 31, $17,480. Cash balance according to the bank statement at July 31, $18,490. Checks outstanding, $3,550. Deposit in transit, not recorded by bank, $2,850. A check for $590 issued in payment of an account was erroneously recorded in the check register as $950. Bank debit memo for service charges, $50. a. Prepare a bank reconciliation, using the format shown in Exhibit 12.

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The following data were accumulated for use in reconciling the bank account of Nakajima Co. for July...
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