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Grace Company gathered the following reconciling information in preparing its July bank reconciliation: Cash balance per books, 7/31 $4,500 Deposits in transit 150 Notes receivable
Grace Company gathered the following reconciling information in preparing its July bank reconciliation:
Cash balance per books, 7/31 | $4,500 |
Deposits in transit | 150 |
Notes receivable and interest collected by bank | 850 |
Bank charge for check printing | 20 |
Outstanding checks | 2,000 |
NSF check | 170 |
The adjusted cash balance per the books on July 31 is
$5,010
$3,310
$3,460
$5,160
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