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The following information pertains to Cullumber Company. Cash balance per books, August 31, $7,424. 2. Cash balance per bank,

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Bank reconciliation

Cash balance as per Bank Statement $       7,388
Add: Deposit in transit $       3,360
$     10,748
Less: Outstanding Checks -$          701
Adjusted cash balance per bank $     10,047
Cash balance per Book $       7,424
Add: Collection on electronic fund transfer $       2,676
$     10,100
Less: Bank Service charge -$            53
Adjusted Cash balance per books $     10,047
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