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    The correct balance in the cash account

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    The cash account shows a balance of $45,000 before reconciliation. The bank statement does not include a deposit of $2300 made on the last day of the month. The bank statement shows a collection by the bank of $940 and a customer's check for $320 was returned because it was NSF. A customer's check for $450 was recorded on the books as $540, and a check written for $79 was recorded as $97. The correct balance in the cash account is?

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    https://brainmass.com/business/accounting/correct-balance-cash-account-201144

    Solution Preview

    Balance per book 45,000
    Add: Deposits made on the last day of the month 2,300
    Deposits for bank ...

    Solution Summary

    This solution is comprised of a detailed explanation to answer what is the correct balance in the cash account. See attachment.

    $2.19

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