Determine the total amount that is used to reconcile

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Reference no: EM131843556

On January 31, 2017, the general ledger of TAR shows a balance for cash of $45,000. Cash receipts yet to be deposited into the checking account total $12,000, while checks written by TAR but not yet processed by the bank total $36,525.

The company's balance of cash does not reflect a bank service charge of $27 and interest earned on the checking account of $4; however, these amounts are included in the balance of cash of $69,502 reported by the bank as of the end of January.

Answer the following based on the process of doing the bank reconciliation:

1. $________Determine the total amount that is used to reconcile the Bank balance (include "-" if needed):

2. $_______Determine the total amount that is used to reconcile the Company cash balance (include "-" if needed)

3. $___________What is the balance in the company's cash account after the reconciliation?

Reference no: EM131843556

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