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Ian's Records Show a Cash Balance of $2,000 While the Bank

Question 32

Multiple Choice

Ian's records show a cash balance of $2,000 while the bank statement shows a balance of $1,800.The difference is most likely explained by


A) unrecorded interest earned on the account.
B) deposits made after the statement period.
C) checks not cleared during the statement period.
D) a statement period less than one month.

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