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26. Nilson Company gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 $28,000 Deposits in transit Notes receivable

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26. Nilson Company gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 $28,000 Deposits in transit Notes receivable and interest collected by bank 6,800 Bank charge for check printing 160 Outstanding checks 16,000 NSF check 1,360 1,200 The adjusted cash balance per books on August 31 is a. $33,280. b. $32,080 c. $18,400. d. $19,680. 27. Interest is usually associated with a. accounts receivable. b. notes receivable. c. doubtful accounts. d. bad debts

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