Prepare a bank reconciliation dated August 31, 2025, proceeding to a correct balance. Shetfeld Company...
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Accounting
Prepare a bank reconciliation dated August 31, 2025, proceeding to a correct balance. Shetfeld Company has just received the August 31, 2025, bank statement, which is summarized below. The general ledger Cash account contained the following entries for the month of August: Deposits in transit at August 31 are \$5,556, and checks outstanding at August 31 total \$1,535. Cashon hand at August 31 is $4$3 The bookkeeper improperty entered one check in the books at $147 which was written for $165 for supplies (expense); it cleared the bank during the month of August
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