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CAN YOU PLEASE EXPLAIN WHY 3. Bloom, Incorporated's books show an ending cash balance of $12,000 before preparing the bank reconciliation. Given the bank reconciliation
CAN YOU PLEASE EXPLAIN WHY
3. Bloom, Incorporated's books show an ending cash balance of $12,000 before preparing the bank reconciliation. Given the bank reconciliation shows outstanding checks of $3,400, deposits in transit of $2,400, NSF check of $140, and interest earned on the bank account of $50, the company's up-to-date ending cash balance equals: a. $11,910. b. $8,510. c. $10,910. d. $12,190Step by Step Solution
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