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Determine the Adjusted Cash Balance Per Bank for Egg Packaging

Question 120

Multiple Choice

Determine the adjusted cash balance per bank for Egg Packaging on April 30, from the following information: Cash balance on the bank statement $2,500
Customer's cheque returned-NSF 500
Customer's note collected by the bank 600
Deposits in transit, April 30 1,400
Outstanding cheques, April 30 2,650


A) $1,250
B) $1,100
C) $1,550
D) $1,350

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