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Claybom Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business
Claybom Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on May 31, its Cash account shows a debit balance of $18025 Cayboms May bar stems$00 on depot in the bank Determine the adjusted cash balance using the following information Deposit in transit Outstanding checks Bank service fees, not yet recorded by company $5,500 34.400 $35 A SSF check from a customer, not yet recorded by the company 3.490 The adjusted cash balance should be Mute Choce $1325 $11300
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