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Meredith Company gathered the following reconciling information in preparing its May bank reconciliation: Cash balance per books, 5/31 $4,030 Deposits in transit 104 Notes receivable
Meredith Company gathered the following reconciling information in preparing its May bank reconciliation:
Cash balance per books, 5/31 | $4,030 |
Deposits in transit | 104 |
Notes receivable and interest collected by bank | 888 |
Bank charge for check printing | 44 |
Outstanding checks | 1,434 |
NSF check | 199 |
Find the adjusted cash balance per books on May 31.
Select the correct answer.
$992
$2,700
$4,675
$3,389
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