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The unadjusted cash account balance for Carson Company at December 31 is $12,815. The bank...

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Accounting

The unadjusted cash account balance for Carson Company at December 31 is $12,815. The bank statement showed an ending balance of $18,350 at December 31. The following Information is available from an examination of the bank statement and the company's accounting records : Bank service charge Outstanding checks NSF check from a customer Deposits in transit $ 40 7,700 465 1,462 Check number 433 for the purchase of inventory was written correctly and paid by the bank correctly for $652 , but was recorded on the books at $256 . Carson uses the perpetual inventory system . Required : a ) Determine the true cash balance by preparing a bank reconciliation as of December 31. to be deducted should be indicated with a minus sign .

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