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Cyprus, Inc.s June bank statement shows a June 30 balance of $27,150. Prior to reconciliation, its books show a cash balance of $27,630. The information

Cyprus, Inc.s June bank statement shows a June 30 balance of $27,150. Prior to reconciliation, its books show a cash balance of $27,630. The information below pertains to Cyprus:

Deposit in transit $2,100
Checks outstanding 1,440
Bank service charges 60
Error in Cyprus's records overstating cash disbursement 270
Check of another company charged erroneously against
Cyprus, Inc.'s bank account 750
Bank statement shows bank collected a note receivable
and interest income for Cyprus, Inc. 720

The reconciled cash balance at June 30 on the bank reconciliation should be:

Select one:

A. $28,810

B. $28,560

C. $30,300

D. $28,020

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