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A company received a bank statement with a balance of $5,350. Reconciling items included a bookkeeper error of $200 (a $300 check recorded as $500),
A company received a bank statement with a balance of $5,350. Reconciling items included a bookkeeper error of $200 (a $300 check recorded as $500), two outstanding checks totaling $720, a service charge of $15, a deposit in transit of $180, and interest revenue of $21. What is the adjusted balance? (Please provide an explanation of each component of the Bank statement and Balanace for books in the explanation of the answer.)
A) $4,636
B) $4,610
C) $5,016
D) $4,810
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