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4. (LO 7-2) Which party needs to adjust its cash balance once learning about the following reconciling items? Who needs to adjust the cash balance?
4. (LO 7-2) Which party needs to adjust its cash balance once learning about the following reconciling items? Who needs to adjust the cash balance? Company (general ledger), Bank, or Potentially Both Bank and Company Reconciling Item Error Outstanding check NSF check Outstanding deposit Notes/interest collected by the bank Bank service fees
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