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The Information Below Relates to the Cash Account in the Ledger

Question 138

Essay

The information below relates to the Cash account in the ledger of Lee Company.
Balance September 1-$25,725; Cash deposited-$96,000.
Balance September 30-$22,225; Checks written-$99,500.
The September bank statement shows a balance of $24,635 on September 30 and the following memoranda. The information below relates to the Cash account in the ledger of Lee Company. Balance September 1-$25,725; Cash deposited-$96,000. Balance September 30-$22,225; Checks written-$99,500. The September bank statement shows a balance of $24,635 on September 30 and the following memoranda. At September 30, deposits in transit were $4,695, and outstanding checks totaled $3,575. Instructions Prepare the bank reconciliation at September 30. At September 30, deposits in transit were $4,695, and outstanding checks totaled $3,575.
Instructions
Prepare the bank reconciliation at September 30.

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