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Business, 27.04.2021 15:10 kevo2024

The cash account for American Medical Co. at April 30 indicated a balance of $334,985. The bank statement indicated a balance of $388,600 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: A. Checks outstanding totaled $61,280. B. A deposit of $42,500, representing receipts of April 30, had been made too late to appear on the bank statement.

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The cash account for American Medical Co. at April 30 indicated a balance of $334,985. The bank stat...
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