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Use the following data to answer the question presented below for Raines Corp.s preparation of a bank reconciliation on October 31, 2014: Bank statement balance

Use the following data to answer the question presented below for Raines Corp.s preparation of a bank reconciliation on October 31, 2014:

Bank statement balance $30,700
Raines book balance (before adjustments) ?
Outstanding checks 4,200
NSF checks 400
Service charges 300
Deposits in transit 3,100
Interest earned on checking account

100

What is the adjusted cash balance on October 31, 2014?

a. $30,700

b.$29,600

c. $30,100

d. $30,200

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