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In anticipation of preparing the July bank reconciliation, the accountant gathered the following information: Bank statement balance $4,300 Deposit in transit 500 Outstanding checks 300

In anticipation of preparing the July bank reconciliation, the accountant gathered the following information:

Bank statement balance

$4,300

Deposit in transit

500

Outstanding checks

300

Bank service charges

10

Customer's NSF check returned by the bank

50

What is the company's adjusted cash balance at July 31st?

$4,300

$4,050

$4,140

$4,500

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