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Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on
Clayborn 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 its Cash account shows a debit balance of $ Clayborn's May bank statement shows a $ balance 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
A NSF check from a customer, not yet recorded by the company
$
$
$
$
The adjusted cash balance should be:
$
$
$
$
$
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