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What amount will Garrison report as its adjusted cash balance as May 31, 2014? Garrison Corporation was closing its books on May 31, 2014. Garrisons

What amount will Garrison report as its adjusted cash balance as May 31, 2014? Garrison Corporation was closing its books on May 31, 2014. Garrisons accountant prepared a bank reconciliation as of May 31, 2014, and has found the following possible reconciling items between its book balance and its cash balance per the bank: Garrisons book balance $80,760 Outstanding checks $660 Customers NSF check returned by the bank $190 Interest earned on checking account $80 In the search for reconciling items, accountant also discovered that Garrison made an error in recording a customers check: the amount was recorded in cash receipts as $290; the bank recorded the amount as $920.

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