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E. None of the above 17. The books show a cash balance of $1,283.46 as of August 31. The bank statement as of the same
E. None of the above
17. The books show a cash balance of $1,283.46 as of August 31. The bank statement as of the same date shows a balance of $1,523.83. Outstanding checks are as follows: Check No. 263 50.47 Check No. 267 Check No. 268 21.48 Check No. 271 36.27 Check No.274178.10 Check No. 276 98.80 6.03 The bank statement shows a service charge of $1.95, a draft collection charge of $2.50, and a customer's check marked NSF in the amount of $22.50. The books show a deposit of $123.83 that the bank has not recorded. The correct cash balance as of August 31 is: OA. $1,256.51 OB. $1,283.46 Oc. $1,523.83 OD. $1,665.15Step by Step Solution
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