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NEXT Exercise 218 (Part Level Submission) The bank statement for Sandhill Company indicates a balance of $900 on July 31. TheSANDHILL COMPANY Bank Reconciliation$ $ A ABank Service Charge NSF Check Adjusted Cash Balance Per Bank Collection of Note and Interest Cash Balance Per Bank Accounts PPlease show all work. Options for fill in the blank are attached. Only other options that aren't shown are "add" and "less"

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Answer #1

Bank Reconciliation

Cash balance, as per bank statement, July 31

900

Add: Deposit in transit

810

1,710

Less: Outstanding checks

- 500

Adjusted cash balance per bank

$1,210

Balance as per Company's record, July 31

420

Add: Collection of note and interest

1,269

1,689
Less:

NSF check

- 440

Bank service charges

- 39

- 479

Adjusted cash balance per books

$1,210

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