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Please include all steps. Thanks. Roberts Company gathered the following reconciling information in preparing its May bank reconciliation: Book balance at May 31, $4,550 Bank
Please include all steps. Thanks.
Roberts Company gathered the following reconciling information in preparing its May bank reconciliation: Book balance at May 31, $4,550 Bank balance at May 31, $ 6,025 Deposits in transit, not recorded by the bank of $425 Deposit of $650 incorrectly recorded by the bank as $560 Check #342 for $410 was incorrectly recorded by the company as $140 Outstanding checks of $ 2,220 NSF check of $ 140 was returned by the bank to the company The adjusted cash balance according to the company's records on May 31 is Selected Answer: [None Given]Step by Step Solution
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