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On January 31, Clark Company's cash balance per its general ledger is $4,280. The bank's cash balance per the January 31 bank statement is $3,100.
On January 31, Clark Company's cash balance per its general ledger is $4,280. The bank's cash balance per the January 31 bank statement is $3,100. The following information is gathered from the bank statement and company records: Checks outstanding $ 1,100 Deposits outstanding $ 1,200 Interest earned on bank account $ 20 NSF check $ 1,000 Service fee $ 100 What is the company's correct ending balance of cash on January 31, per the reconciliation? Multiple Choice $3,000 $4,380 $2,020 $3,200
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