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Question Completion Status: QUESTION 24 The cash balance in the general ledger is $3,100. The bank statement balance, however, is $3,900. The only reconciling items

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Question Completion Status: QUESTION 24 The cash balance in the general ledger is $3,100. The bank statement balance, however, is $3,900. The only reconciling items are a 5700 deposit in transit, a $7 bank service charge, and several outstanding checks. The total amount of outstanding checks is $107. True False QUESTION 25 Employees are owed $750 for services since the last payday in February, to be paid the first week in March. If the unadjusted trial balance at the end of February lists Salaries Expense in the amount of $7,800, then the amount to be reported in the February income statement for salaries expense is $7,050 True False expense is $7.050s Expense in the in February QUESTION 26 ABC adjusts is books monthly. The unadjusted trial balance reflects $16,510 in Service Revenue Earned and $6,500 in Unearned Service Revenue. If the Service Revenue Earned during the month is $4,810, then the amount of Service Revenue Earned to be reported in the adjusted trial balance is $21,320. True False

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