The bank statement for Mat Co. revealed a balance of $900, and the checkbook balance showed $1,420. Checks outstanding totaled $35. A check printing charge for $5 was on the bank statement. There was a $50 NSF shown on the bank statement. There was a $500 deposit in transit. What is the reconciled balance?
A) $1,045
B) $1,095
C) $1,040
D) $1,545
E) None of these
Correct Answer:
Verified
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