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Question 34 Not yet answered Marked out of 1.00 Not flaggedFlag question Question text In preparing its August 31, 2016 bank reconciliation, Oakley Corp. has
Question 34
Not yet answered
Marked out of 1.00
Not flaggedFlag question
Question text
In preparing its August 31, 2016 bank reconciliation, Oakley Corp. has available the following information:
Balance per bank statement, 8/31/16 $65,490
Deposit in transit, 8/31/16 10,170
Return of customers check not sufficient funds, 8/30/16 1,800
Outstanding checks, 8/31/16 5,820
Bank service charges for August 350
At August 31, 2016, Oakleys adjusted cash balance is
Select one:
a. The answer does not exist
b. $69,8400.
c. $61,1400
d. $59,670
e. $59,320.
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