On its books, Nile Valley Companys Cash account shows an ending balance of $950. The bank statement
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On its books, Nile Valley Company’s Cash account shows an ending balance of $950.
The bank statement for the current period shows a $22 service charge and an NSF check for $140. A $220 deposit is in transit, and outstanding checks total $380. What is Nile Valley’s adjusted book balance for Cash?
a. $626
b. $788
c. $818
d. $1,168.
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Related Book For 
Financial Accounting
ISBN: 9781292019543
3rd Global Edition Edition
Authors: Robert Kemp, Jeffrey Waybright, Pearson Education
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