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Before reconciling to its bank statement, Paige Corporation's general ledger had a month-end balance in the cash account of $5,250. The bank reconciliation for the
Before reconciling to its bank statement, Paige Corporation's general ledger had a month-end balance in the cash account of $5,250. The bank reconciliation for the month contained the following items:
Deposits in transit $750
Outstanding checks $465
Interest earned $20
NSF check returned to bank $100
Bank service charge $10
Ending bank balance $4,875
Given the above information, what adjusted cash balance should Paige report at month-end? $4,500. $4,820. $5,160. $5,590.
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