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Adam Company's bank statement at statement at March 31 shows a balance of $25,350, while the ledger account for Cash in Adam's ledger shows a

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Adam Company's bank statement at statement at March 31 shows a balance of $25,350, while the ledger account for Cash in Adam's ledger shows a balance of $19,335 at the same date. The only reconciling items are the following: Deposit in transit, $3,345. Bank Service charge, $45. NSF check from customer H. Dent in the amount of $350. Error in recording check no. 468 for rent: check was written in the amount of $2,570 but was recorded improperly in the accounting records as $2,750. Outstanding checks, $? 1. What is the total amount of outstanding checks at March 31? (2 points) A. $9,395 B. $15,775. C. $9,575 D. $19,120 E. None of the above. (34) 2. Assuming a single journal entry is made to adjust Adam Company's accounting records at March 31, the journal entry includes: (1 point) A. A credit to Rent Expense for $180. B. A debit to Rent Expense for $180. C. A credit to Accounts Receivable, H. Dent, for $350. D. A credit to Cash for $19,120. E. None of the above. 1 2

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