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The Beginning Checkbook Balance of Shelley Co

Question 21

Multiple Choice

The beginning checkbook balance of Shelley Co. was $5,559.10. The bank statement showed a bank balance of $7,888.44. The bookkeeper of Shelley Co. noticed a $111.10 deposit in transit along with check numbers 90 and 97 for $499.88 and $1,256.45, respectively, as outstanding. The bank statement credited Shelley's account for $750.99 for a note collected. The bank statement revealed a check printing charge of $66.88. The reconciled balance is:


A) $6,423.12
B) $6,243.21
C) $6,423.21
D) $4,623.21
E) None of these

Correct Answer:

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