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Construct a Bank Reconciliation for Players Sporting Goods as of July

Question 119

Essay

Construct a bank reconciliation for Players Sporting Goods as of July 31, 2019, from the following information:
Ending general ledger balance    $420
Ending bank statement balance    320
Deposits in transit                         220
Outstanding cheques                   155
Bank service charge (debit memo) 35

Correct Answer:

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PLAYERS SPORTING GOODS
BANK RECONCILIATI...

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