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Based on the Following Information, Find the True Balance of Your

Question 77

Essay

Based on the following information, find the true balance of your chequing account and the sum, if any, of deposits in transit.
Balance on bank statement, $581
Total of outstanding cheques, $200
Service charges, $11
Interest earned on account, $7
Balance in your chequebook, $540

Correct Answer:

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Reconciled balance =...

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