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Duke Company's unadjusted bank balance at March 31 is $5,060. The bank reconciliation revealed outstanding checks amounting to $740 and deposits in transit of $520.

Duke Company's unadjusted bank balance at March 31 is $5,060. The bank reconciliation revealed outstanding checks amounting to $740 and deposits in transit of $520. What is the true cash balance?

  • $5,060

  • $4,540

  • $5,580

  • $4,840

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