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I. Jim Parkus is unable to reconcile the bank balance at January 31. Jim's reconciliation is shown here. Cash balance per bank Add: NSF check

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I. Jim Parkus is unable to reconcile the bank balance at January 31. Jim's reconciliation is shown here. Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books Instructions (a) What is the proper adjusted cash balance per bank and per books? (5) (b) Prepare the adjusting journal entries necessary to determine the adjusted cash bala $3,660.20 570.00 $4,205.20 $3,975.20 590.00 870.00 $4,255.20 books

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