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33.Hera Company provided the following information: Balance per bank statement, May 31 1,300,000 Balance per book - May 31 1,405,000 Deposits outstanding 150,000 Bank service

33.Hera Company provided the following information:

Balance per bank statement, May 31 1,300,000 Balance per book - May 31 1,405,000

Deposits outstanding 150,000 Bank service charge (5,000)

Checks outstanding (50,000)

Correct bank balance- May 31 - 1,400,000 Correct book balance- May 31 1,400,000

June data are as follows Bank Book

Checks recorded 1,100,000 1,250,000

Deposits recorded 800,000 900,000

Service Charges recorded 25,000 -

Note collected by bank 250,000 plus interest 275,000

NSF checks returned with June 30 statement 50,000

Balances 1,200,000 1,050,000

What is the adjusted cash balance on June 30?

  • Answer not given
  • 1,200,000
  • 1,050,000
  • 1,400,000
  • 1,250,000

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