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Proper Cash Balance In preparing its bank reconciliation at March 31, Chioda Company has the following information: Cash balance per bank statement $37, 050 Cash

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Proper Cash Balance

In preparing its bank reconciliation at March 31, Chioda Company has the following information: Cash balance per bank statement $37, 050 Cash balance per general ledger 38,000 Deposits In transit 5, 750 Outstanding checks 5, 750 Deposit erroneously recorded by bank in Clark's account on March 12 250 Bank service charges for March 50NSF check returned by bank 1, 150 What is the proper cash balance at March 31 for balance sheet purposes? $36, 750 $37, 050 $36, 800 None of the above $35, 750

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