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Meredith Company Gathered the Following Reconciling Information in Preparing Its

Question 111

Multiple Choice

Meredith Company gathered the following reconciling information in preparing its May bank reconciliation: $2,500 Cash balance per books, 5/31150 Deposits in transit 650 Notes receivable and interest collected by bank 40 Bank charge for check printing 1,800 Outstanding checks 140 NSF check \begin{array}{ll}\$2,500 & \text { Cash balance per books, } 5 / 31 \\150 & \text { Deposits in transit } \\650 & \text { Notes receivable and interest collected by bank }\\40&\text { Bank charge for check printing }\\1,800&\text { Outstanding checks }\\140&\text { NSF check }\end{array} The adjusted cash balance per books on May 31 is


A) $2,970.
B) $3,120.
C) $5,280.
D) $1,320.

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