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Business, 21.12.2019 06:31 explained1256

Jimmy company’s cash balance at the end of the month was $8,500. after comparing the company’s records with the monthly bank statement, carla’s accountant identified the following reconciling items: outstanding checks, $800; deposits in transit, $700; bank service charge, $30; nsf check, $500. what is the adjusted cash balance?

a) $6,600
b) $6,370
c) $7,970
d) the adjusted cash balance cannot be determined from this information.

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