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Acme, Inc.'s books show an ending cash balance of $20,000 before preparing the bank reconciliation. Given the bank reconciliation shows outstanding checks of $5,000, deposits
Acme, Inc.'s books show an ending cash balance of $20,000 before preparing the bank reconciliation. Given the bank reconciliation shows outstanding checks of $5,000, deposits in transit of $4,000, NSF check of $300, and interest earned on the bank account of $210, the company's up-to-date ending cash balance equals:
a.) $19,910.
b.) $18,910.
c.) $14,910.
d.) $20,510.
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