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Before reconciling its bank statement, Maestro Corporation's general ledger had a month-end balance in the cash account of $7,750. The bank reconciliation for the month
Before reconciling its bank statement, Maestro Corporation's general ledger had a month-end balance in the cash account of $7,750. The bank reconciliation for the month contained the following items:
Deposits in transit | $ | 850 |
Outstanding checks | 615 | |
Interest earned | 20 | |
NSF check returned to bank | 200 | |
Bank service charge | 60 |
Given the above information, what up-to-date ending cash balance should Maestro report at month-end?
Group of answer choices
$7,220.
$6,900.
$8,040.
$7,510.
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