At July 31, Vaughn Company has the following bank information: cash balance per bank $8,240, outstanding checks $752, deposits in transit $1,301, and a bank service charge $28. Determine the adjusted cash balance per the bank at July 31. Adjusted cash balance per bank   $

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.