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The following information was taken from BammerCo's bank reconciliation at the end of the year: Cash GL balance $ 18,000 Checks outstanding $ 6,000 Note

The following information was taken from BammerCo's bank reconciliation at the end of the year:

Cash GL balance

$

18,000

Checks outstanding

$

6,000

Note collected by the bank

$

2,400

Service fee

$

50

Deposits in transit

$

3,000

NSF check

$

350

What is the correct cash balance that should be reported in BammerCo's balance sheet at the end of the year?image text in transcribed

The following information was taken from BammerCo's bank reconciliation at the end of the year: Cash GL balance $ 18,000 Checks outstanding $ 6,000 Note collected by the bank $ 2,400 Service fee $ 50 Deposits in transit $ 3,000 NSF check $ 350 What is the correct cash balance that should be reported in BammerCo's balance sheet at the end of the year? Select one: O a. $15,200 O b. $17,000 O c. $17,600 O d. $20,000 O e. $18,000

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