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Terry Company has an unadjusted cash balance per books of $820 at the end of the month. The balance on its bank statement is $900.
Terry Company has an unadjusted cash balance per books of $820 at the end of the month. The balance on its bank statement is $900. Reconciling items include deposits in transit of $350, outstanding cheques of $450, and bank service charges of $20. What is Terry Company's adjusted cash balance? a. $800 b. $400 c. $920 d. $840
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