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Somerset Company's Cash account shows an ending balance of $700. The bank statement shows a $16 service charge and an NSF check for $140. A

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Somerset Company's Cash account shows an ending balance of $700. The bank statement shows a $16 service charge and an NSF check for $140. A $250 deposit n transit, and outstanding checks total $470. What is Somerset's adjusted cash balance? A. S324 OB. $856 c. s480 D. S544

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