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A company's own cash records show a balance of $3,200. After examining the bank statement, the following information is revealed: Bank's balance for cash Deposits

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A company's own cash records show a balance of $3,200. After examining the bank statement, the following information is revealed: Bank's balance for cash Deposits outstanding NSP check Checks outstanding Note collected by the bank Service fee charged by the bank $4,000 $2,300 $ 600 $1,800 $2,000 S 100 After reconciliation, the correct balance of cash is: After reconciliation, the correct balance of cash is: Multiple Choice O $3,700. ces $3,400. $4,500. O $4,800. A company's own cash records show a balance of 53.200. Afet examining the bank statement, the following information is revealed a Bank's balance for cash Deposits outstanding NSP check Checks outstanding Note collected by the bank Service fee charged by the bank $4,000 $2,300 $ 600 $1,800 $2,000 $ 100 The entry to update the company's cash balance after the bank reconciliation is prepared would include a: Multiple Choice Debit to Notes Receivable. Debit to Accounts Receivable. Credit to Service Fee Expense. Credit to Service Revenue

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