The cooper group received their bank statement in the mail, Ask an Expert

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The Cooper Group received their bank statement in the mail for the month ending January 31, 2014.

The balance per the bank statement was $8,050. The balance per their Cash account in their general ledger was $8,700. The following information was obtained:

Deposits of $765 were made but not reflected on the bank statement
Checks were written totaling $200 not reflected on the bank statement
Bank fees of $50 were charged against the account, shown on the bank statement but not reflected in Cooper's Cash account in the general ledger
A check written by a customer bounced in the amount of $75
Interest of $40 was earned on the account.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9953979

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