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Mazaya Company had checks outstanding totaling R.O. 12,800 on its January bank reconciliation. In February, Mazaya Company issued checks totaling R.O.78,900. The March bank statement
Mazaya Company had checks outstanding totaling R.O. 12,800 on its January bank reconciliation. In February, Mazaya Company issued checks totaling R.O.78,900. The March bank statement shows that R.O.59.400 in checks cleared the bank in March. A check from one of Mazaya Company's customers in the amount of R.0.600 was also returned marked "NSE" The amount of outstanding checks on Mazaya Company's March bank reconciliation should be Select one: a. R.O.21,300. b. R.O.32.300 C.R.O.33,200 d.R.O. 8.500 In preparing its bank reconciliation for the month of September 2011, Mazaya, Inc. has available the following information, Balance per bank statement (9/30/11) R.0.78,280; NSF check returned with 9/30/11 bank statement R.O.900; Deposits in transit (9/30/11) R.O. 10,000; Outstanding checks (9/30/11) R.0.10,400; Bank service charges for September R.O. 40; check erroneously charged by bank R.O. 300. What should be the adjusted cash balance at September 30, 2011? Select one: a. R.O.77.880. b.R.O.77.240 c. R.0.77,280. d.R.O.78,180
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