Multiple Choice
El Greco Inc'.s month-end bank statement shows a balance of €51,000, outstanding checks are €11,000, a deposit of €2,500 which was in transit at month end. In reconciling the bank statement, El Greco discovered that a check for €500 was erroneously charged by the bank against the company's account. The adjusted balance in the bank account at month end is
A) €42,000.
B) €42,500.
C) €43,000.
D) €51,000.
Correct Answer:
Verified
Correct Answer:
Verified
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