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Using the following information, prepare the bank reconciliation for Powers Company for May 31, 2013.The bank statement balance is $4,000.The cash account balance is $3,000.Outstanding checks totaled $1,500.Deposits in transit are $500.The bank service charge is $20.Interest reported on the bank statement was $10.A check for $10 was recorded as $100 in the ledger.A NSF check for $80 was returned with the statement.
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