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A Company's Bank Statement Balance Shows That There Is $4,230

Question 173

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A company's bank statement balance shows that there is $4,230 in the chequing account at the end of the month.Comparing the company's records with the bank statement reveals several additional items,such as outstanding cheques of $2,880,deposits in transit of $1,280,an NSF cheque of $160,and a bank service charge of $40.Calculate the adjusted cash balance for this chequing account.

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4,230 bank balance +...

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