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A business is preparing its monthly bank reconciliation based on the following: Cash per books, December 31, 97,900, Outstanding cheques, $2,500; Interest expense, $275; Deposits

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A business is preparing its monthly bank reconciliation based on the following: Cash per books, December 31, 97,900, Outstanding cheques, $2,500; Interest expense, $275; Deposits in transit, $150; EFT collections by bank $950; and NSF cheque. $310. The adjusted cash balance per books on December 31 is: Select one: oa. $8,265 b. $8,815 16 21 c. $6.915 O d. 57.900 e. $7,280 Finish Time

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