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Egrane, Incorporated's monthly bank statement showed the ending balance of cash of $19,000. The bank reconciliation for the period showed an adjustment for a deposit
Egrane, Incorporated's monthly bank statement showed the ending balance of cash of $19,000. The bank reconciliation for the period showed an adjustment for a deposit in transit of $1,750, outstanding checks of $2,500, an NSF check of $1,200, bank service charges of $55 and the EFT from a customer in payment of the customer's account of $2,000. What was the cash balance on the Egrane's books (before the adjustments for items on the bank reconciliation)? Multiple Choice $18,250 $17,505 $19,750 $21,395
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