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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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