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When You Reconciled Your Chequebook, You Had an Adjusted Bank

Question 148

Multiple Choice

When you reconciled your chequebook, you had an adjusted bank balance of $4,068. You had 5 cheques outstanding with a total value of $6,213 and 3 outstanding deposits worth $1,629 each. What is the amount of your collection float?


A) $1,326
B) $3,701
C) $4,887
D) $5,394
E) $6,213

Correct Answer:

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