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Using the Following Information, Prepare a Bank Reconciliation for Salem $2,597 \$ 2,597

Question 91

Essay

Using the following information, prepare a bank reconciliation for Salem Co. for May 31, 2013.
(a)The bank statement balance is $2,597 \$ 2,597 .
(b)The cash ac count balance is $2,680 \$ 2,680 .
(c)Outstanding checks amounted to $703 \$ 703 .
(d)Deposits in transit are $732 \$ 732 .
(e)The bank service charge is $25 \$ 25 .
(f)Interest ad ded to the che cking account by the bank is $7 \$ 7 .
(g)A check drawn for $59 \$ 59 was incorrectly charged by the bank as $95 \$ 95 .

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