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Question 20 (4 points) Carolina Company has the following information available to prepare its November bank reconciliation: Cash balance per books, 11/30 $28,000 Deposits in

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Question 20 (4 points) Carolina Company has the following information available to prepare its November bank reconciliation: Cash balance per books, 11/30 $28,000 Deposits in transit $1,200 EFT collections by the bank $6,800 Bank service charge $160 Outstanding checks $16,000 NSF check from a customer $1,360 Based on this information, the adjusted cash balance on November 30 is a) $18,400. ( b) $33,280

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