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The following information was taken from a company's bank reconciliation at the end of the year Bank balance Checks outstanding Note collected by the bank

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The following information was taken from a company's bank reconciliation at the end of the year Bank balance Checks outstanding Note collected by the bank Service fee Deposits outstanding NSF check $8,000 $7,800 $1,900 $ 31 $4,800 $ 470 What is the correct cash balance that should be reported in the company's balance sheet at the end of the year? Multiple Choice $9,430 $5,000

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