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A company received a bank statement at the end of the month. The statement contained these items: Bank service charge for the month $300 Interest
A company received a bank statement at the end of the month. The statement contained these items:
Bank service charge for the month | $300 |
Interest earned and added by the bank to the account balance | $100 |
Ending balance (reflects interest and bank service charge) | $9,000 |
In comparing the bank statement to its own cash records, the controller of the company found these items:
Deposits made but not yet recorded by the bank | $10,000 |
Checks written and mailed but not yet recorded by the bank | $4,000 |
Before making any adjustment suggested by the bank statement, the cash balance according to the company's books is $4,200.
What is the correct adjusted general ledger balance as of the end of the month?
1. $9000
2. $9200
3. $15000
4. $15200
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