Marjorie Company's cash balance per the books at the end of the month was $8,600.After comparing the company's records with the monthly bank statement,Marjorie's accountant identified the following reconciling items: outstanding checks,$800;deposits in transit,$700;bank service charge,$10;and NSF check,$200.The bank collection of a note receivable was $1,000 plus interest of $100.There also was an EFT payment of $160.What is the adjusted book balance at the end of the month?
A) $9,490
B) $9,390
C) $8,500
D) $9,330
Correct Answer:
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