On August 31, Year 1, the general ledger of a company shows a balance for cash of $7,794. Cash receipts yet to be deposited into the checking account total $3,188, and checks written by the academy but not yet processed by the bank total $1,275. The company's balance of cash does not reflect a bank service fee of $20 and interest earned on the checking account of $31. These amounts are included in the balance of cash of $5,892 reported by the bank as of the end of August. Required:
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On August 31, Year 1, the general ledger of a company shows a balance for cash of $7,794. Cash recei...
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