Excel Communications had a computer failure on August 1, 2020, which resulted in the loss of data, including the balance of its Cash account and its bank reconciliation from July 31, 2020 The accountant, Brad Eyers, has been able to obtain the following information from the records of the company and its bank An examination showed that two cheques ( 461 for $645 00 and 492 for $225 00) had not been cashed as of August 1 Eyers recalled that there was only one deposit in transit on the July 31 bank reconciliation but was unable to recall the amount The cash receipts and cash payments journal contained the following entries for August 2020

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Question: Excel Communications had a computer failure on August 1, 2020, which resulted in the loss of data, including the balance of its Cash account and

Excel Communications had a computer failure on August 1, 2020, which resulted in the loss of data, including the balance of its Cash account and its bank reconciliation from July 31, 2020. The accountant, Brad Eyers, has been able to obtain the following information from the records of the company and its bank:

An examination showed that two cheques (#461 for $645.00 and #492 for $225.00) had not been cashed as of August 1. Eyers recalled that there was only one deposit in transit on the July 31 bank reconciliation but was unable to recall the amount.
The cash receipts and cash payments journal contained the following entries for August 2020:

in the loss of data, including the balance of its Cash account

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