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In the process of reconciling your January bank statement, the Maxi's Clothing accountant compiles the following information: Company's book cash balance as of January 31

In the process of reconciling your January bank statement, the Maxi's Clothing accountant compiles the following information: Company's book cash balance as of January 31 $7,025 Deposits in transit at end of month $2,260 Outstanding checks at end of month month $750 Bank service charges $48 EFT automatically paid monthly, not yet posted by Maxi $840 A returned NSF check on a customer account $495 The adjusted cash balance on the books as of January 31 is ?

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