Multiple Choice
Information to calculate the adjusted cash balance for Everest Climbing Gear is as follows: Cash balance per general ledger $4,000
Customer's cheque returned--NSF 150
Bank service charges 80
Deposits in transit 1,000
Outstanding cheques 1,400
Customer's note collected by bank 1,290
A) $4,660
B) $4,860
C) $5,060
D) $5,260
Correct Answer:
Verified
Correct Answer:
Verified
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