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At July 31, Sonata Company had a general ledger cash balance of $5,900. Deposits in transit amounted to $1,200 and there was a service charge of $20. Outstanding checks totaled $1,500. What is the balance shown on the bank statement at the end of July?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92719733

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