Rich Company's unadjusted book balance at October 31, 2014 is $2,750. The following information is available for the bank reconciliation. Outstanding checks, $650 Deposits in transit, $500 Bank service charges, $80 Bank collected an accounts receivable for Rich Company, $1,100 NSF check written by one of Rich's customers, $650 Based on this information Rich's true cash balance is:

a. $2,520.

b. $3,630.

c. $1,150.

d. $3,120.

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To have a strong internal control system, a business must have good administrative controls. Administrative controls include:

a. the reconciliation of the bank statement.

b. the accuracy of the recording procedures.

c. assessing compliance with company policies.

d. maintenance of accurate inventory records.

3. 10.000 points Rich Company's unadjusted book balance at October 31, 2014 is $2,750. he following information is available for the bank reconciliation Outstanding checks, $650 Deposits in transit, $500 Bank service charges, $80 Bank collected an accounts receivable for Rich Company, $1100 NSF check written by one of Rich's customers, $650 Based on this information Rich's true cash balance is: O $2,520. O $3,630. O $1.150. O $3120