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You Just Joined XYZ Company as Their Junior Accountant Your Review the Bank Statement at June 30 Shows That

Question 136

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You just joined XYZ Company as their junior accountant. Your first task is to prepare a bank reconciliation in good form at June 30. Your boss provides you with the bank statement and the following information from the accounting records at June 30  Non-sufficient funds (NSF)  cheque retuned by bark $350 Deposit in trarsit on June 30$1,015 Outstarding cheques at Jure 30$2,660 Balance per bark statement on June 30$16,280 Bark service charges $35\begin{array} { | l | r | } \hline \text { Non-sufficient funds (NSF) cheque retuned by bark } & \$ 350 \\\hline \text { Deposit in trarsit on June } 30 & \$ 1,015 \\\hline \text { Outstarding cheques at Jure } 30 & \$ 2,660 \\\hline \text { Balance per bark statement on June } 30 & \$ 16,280 \\\hline \text { Bark service charges } & \$ 35 \\\hline\end{array} Your review the bank statement at June 30 shows that a cheque incorrectly recorded by company as $2,500 was correctly recorded by the bank at $2,050. What is the unadjusted (opening) balance of cash in XYZ's general ledger on June 30?


A) $15,470
B) $14,285
C) $14,570
D) $16,703
E) $16,470

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