Multiple Choice
Calculate, from the following information accumulated by Bob Verna, the adjusted cash balance at the end of July. Bank statement ending cash balance $6,000
General ledger cash balance ending 8,500
Bank monthly service charge 90
Deposits in transit 5,000
Outstanding cheques 3,000
NSF cheque returned with bank statement 410
A) $6,000
B) $8,500
C) $8,000
D) $11,000
Correct Answer:

Verified
Correct Answer:
Verified
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