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In Anticipation of Preparing the July Bank Reconciliation,the Accountant Gathered

Question 86

Multiple Choice

In anticipation of preparing the July bank reconciliation,the accountant gathered the following information:  Bank statement balance $4,300 Deposit in transit 500 Outstanding checks 300 Bank service charges 10Customer’s NSF check returned by the bank 50\begin{array}{l} \text { Bank statement balance } &\$ 4,300 \\ \text { Deposit in transit } &500 \\ \text { Outstanding checks } &300 \\ \text { Bank service charges } &10 \\ \text {Customer's NSF check returned by the bank } &50\end{array}
What is the company's adjusted cash balance at July 31st?


A) $4,300
B) $4,050
C) $4,140
D) $4,500

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