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The following items appeared on the January 31 bank reconciliations for Dupree Company: Outstanding Checks: $74 Deposit in Transit: $80 Bank Service Charge: $4 NSF

The following items appeared on the January 31 bank reconciliations for Dupree Company:

  • Outstanding Checks: $74
  • Deposit in Transit: $80
  • Bank Service Charge: $4
  • NSF Check: $40
  • Error: Check written by Dupree for $440 was correctly recorded by Dupree, but recorded for $476 by the bank.
  • Bank collection of Note Receivable for Dupree: $90

The unadjusted balance per the January 31 bank statement is $1,000.

The adjusted cash balance for the January 31 balance sheet is:

Select one:

a. $970

b. $1,006

c. $1,042

d. $1,088

e. $916

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The following items appeared on the January 31 bank reconciliations for Shelly Company:

  • Outstanding Checks: $100
  • NSF Check: $6
  • Bank Service Charge: $8
  • Deposit in Transit: $80
  • Error: Deposit by Shelly for $440 was correctly recorded by Shelly, but recorded for $476 by the bank.
  • Bank collection of Note Receivable for Shelly: $170

The unadjusted January 31 book balance is $1,000.

The adjusted cash balance for the January 31 balance sheet is:

Select one:

a. $1,172

b. $1,136

c. $1,192

d. $1,156

e. $1,120

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