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Porky Pig has the habit to deposit all cash receipts on the day they are received and Porky Pig makes all cash payments by check.

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Porky Pig has the habit to deposit all cash receipts on the day they are received and Porky Pig makes all cash payments by check. At the clone of business on July 31, 20x9 Porky Pig's Cash account shows a detit balance of $29,025. Porky Pig's July bank statement shows $25,400 on deposit in the bank. Porky Pig needs your help to determine the adjusted cash balance. You are given the following information Deposit in transit Outstanding checks Bank service fees, not yet recorded by company A NSF check from a customer, not yet recorded by the company $8,800 $7.000 $ 145 3.00 $1,680 What should Porky Pig's adjusted cash balance be? Multiple Choice $1,400

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