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Use the following to answer questions 9-11 On February 28th, the general ledger of CAC shows a balance for cash of $220,000.
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Answer:

9. -$21,500 to reconcile Bank Balance

10. $6,143 to reconcile Company Cash Balance

11. $226,143 is the balance in company's cash account after the reconciliation

Workings Table:

Amount Cash Balance Bank Balance
(in $) Books Bank
Balance as of Feb 28 $220,000 $247,643
Cash receipts not deposited yet into bank 126,000 included not included
Checks not processed by bank -147,500 included not included
NSF check -119 not included included
Service fee -20 not included included
Interest earned 32 not included included
Payment collected 6,250 not included included
Sum of Reconciliation Items (sum of "not included" items) =(-119)+(-20)+32+6250 =126,000+(-147,500)
6,143 -21,500
Balance after reconciliation Items =220,000 + 6,143 =247,643 + (-21,500)
$226,143 $226,143
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