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Somerset Company's Cash account shows an ending balance of $780. The bank statement shows a $26 service charge and an NSF check for $190. A
Somerset Company's Cash account shows an ending balance of $780. The bank statement shows a $26 service charge and an NSF check for $190. A S300 deposit is in transit, and outstanding checks total $440. What is Somerset's adjusted cash balance? OA. $564 O B. S996 O C. $424 OD. $640
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