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Marjorie Company's cash balance per the books at the end of the month was $9,500. After comparing the company's records with the monthly bank statement,
Marjorie Company's cash balance per the books at the end of the month was
$9,500.
After comparing the company's records with the monthly bank statement, Marjorie's accountant identified the following reconciling items: outstanding checks, $800; deposits in transit, $700; bank service charge,
$10;
and NSF check,
$300.
The bank collection of a note receivable was
$1,500
plus interest of
$140.
There also was an EFT payment of
$190.
What is the adjusted book balance at the end of the month?
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