Accounting Question
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Grant Company gathered the following reconciling information in preparing its July bank reconciliation:
Cash balance per books, 7/31.....................$4,500
Deposits-in-transit..............................$ 150
Notes receivable and interest collected by bank..$ 850
Bank charge for check printing...................$ 20
Outstanding checks...............................$2,000
NSF check........................................$ 170
The adjusted cash balance per books on July 31 is .
Cash balance per books, 7/31.....................$4,500
Deposits-in-transit..............................$ 150
Notes receivable and interest collected by bank..$ 850
Bank charge for check printing...................$ 20
Outstanding checks...............................$2,000
NSF check........................................$ 170
The adjusted cash balance per books on July 31 is .
- $5,160
- $5,010
- $3,310
- $3,460
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