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Jane Co'S Checkbook Currently Has a Balance of $295

Question 1

Multiple Choice

Jane Co.'s checkbook currently has a balance of $295.10. The bank statement shows a balance of $205.10. The statement revealed interest income of $10.03 along with check charges of $2.95. Jane recorded a $200 check as $150. Deposits in transit were $402.80. Check numbers 85, 88, and 92 for $90.80, $108.10, and $156.82 were not returned with the statement. The reconciled balance is:


A) $302.18
B) $242.18
C) $242.51
D) $252.18
E) None of these

Correct Answer:

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