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The accounting record of Wyeth Company showed cahs of $14250 on Dec. 31. The balance per the bank statement at Dec 31 was $14125. The
The accounting record of Wyeth Company showed cahs of $14250 on Dec. 31. The balance per the bank statement at Dec 31 was $14125. The only reconciling items were deposits in transit of $2800, outstanding checks totaling $3900, an NSF check for $1100 returned by the bank which Wyeth had yet charged back to the customer, and a bank service charge of $125. The preparation of a bank reconciliation should indicate cash by Wyeth on Dec 32 in the amount of:
A. $11925
B. $14125
C. $13025 D. $12900
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