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Heath Company gathered the following reconciling information in preparing its July bank reconciliation: Cash balance per books, 7/31 $7,000 Deposits in transit 200 Notes receivable
Heath Company gathered the following reconciling information in preparing its July bank reconciliation:
| Cash balance per books, 7/31 | $7,000 |
| Deposits in transit | 200 |
| Notes receivable and interest collected by bank | 800 |
| Bank charge for check printing | 20 |
| Outstanding checks | 1,900 |
| NSF check | 180 |
The adjusted cash balance per books on July 31 is
| A. | $7,400. | |
| B. | $5,700. | |
| C. | $5,900. | |
| D. | $7,600. |
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Auditing Theory
Authors: Ian Dennis
1st Edition
1138599700, 978-1138599703
