Prepare a corrected bank reconciliation Cash balance according to bank statement Add outstanding checks: No. 7715 7760

Prepare a corrected bank reconciliation

 

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Cash balance according to bank statement Add outstanding checks: No. 7715 7760 7764 7765 DAKOTA CO. Bank Reconciliation For the Month Ended June 30, 2013 Deduct deposit of June 30, not recorded by bank Adjusted balance Cash balance according to company's records Add: Proceeds of note collected by bank: Principal Interest Service charges Deduct: Check returned because of insufficient funds Error in recording June 20 deposit of $21,440 $12,440 Adjusted balance $9,000 540 $2,175 1,373 2.775 1,163 $9,540 45 $5,769 9,000 $34,350 7,486 $41,836 (9.300) $32,536 $23,438 9,585 $33,023 14,769 $18,254 Cash balance according to bank statement Add outstanding checks: No. 7715 7760 7764 7765 DAKOTA CO. Bank Reconciliation For the Month Ended June 30, 2013 Deduct deposit of June 30, not recorded by bank Adjusted balance Cash balance according to company's records Add: Proceeds of note collected by bank: Principal Interest Service charges Deduct: Check returned because of insufficient funds Error in recording June 20 deposit of $21,440 $12,440 Adjusted balance $9,000 540 $2,175 1,373 2.775 1,163 $9,540 45 $5,769 9,000 $34,350 7,486 $41,836 (9.300) $32,536 $23,438 9,585 $33,023 14,769 $18,254

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To prepare a corrected bank reconciliation we need to reconcile the cash balance according to the ba... View the full answer