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Grace Company gathered the following reconciling information in preparing its July bank reconciliation: Cash balance per books, July 31 $4,600 Deposits in transit 160 Notes

Grace Company gathered the following reconciling information in preparing its July bank reconciliation: Cash balance per books, July 31 $4,600 Deposits in transit 160 Notes receivable and interest collected by bank 860 Bank service charge for check printing 20 Outstanding checks 2,050 NSF check 180 The adjusted cash balance per the books on July 31 is a. $3,540. b. $5,100. c. $3,380. d. $5,260.

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