XYZ company has made the following bank reconciliation but the adjusted balances do not hold. Cash balance per bank 4550 Add: NSF check 700 Less: Collection of Notes Receivable 1250 Less: Bank service...

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Extracted text: XYZ company has made the following bank reconciliation but the adjusted balances do not hold. Cash balance per bank 4550 Add: NSF check 700 Less: Collection of Notes Receivable 1250 Less: Bank service charge 150 Adjusted balance per bank 3850 Cash balance per books 5570 Less: Deposits in transit 2400 Add: Outstanding checks 980 Adjusted balance per books 6550 Instructions a. Prepare a correct bank reconciliation by filling in the missing information. Cash balance per bank statement . £4550 Add: Less: Adjusted cash balance per bank . 5970 Cash balance per books... 5570 Add: Less: Adjusted cash balance per books 5970