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Question 30 1 Point XYZ Company is closing its book and must prepare a bank reconciliation for the following items: Bank statement contains an ending
Question 30 1 Point XYZ Company is closing its book and must prepare a bank reconciliation for the following items: Bank statement contains an ending balance of $450,000 on February 28, 2018, XYZ Company issued checks of $60,000 that have not yet been cleared by the bank (outstanding checks), and XYZ Company deposited $50,000 but this did not appear on the bank statement (deposit in transit), then the adjusted bank balance is A 460,000 B 560,000 440,000 none of the other answers
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