Multiple Choice
While preparing the February 28th bank reconciliation, the accountant identified the following items:
In the process of preparing the reconciliation, the accountant discovered an error in recording a customer's check; the amount was incorrectly recorded on the books as a cash receipt of $600, while the bank correctly recorded the amount as $650. What is the company's adjusted cash balance on February 28th?
A) $22,250
B) $21,700
C) $22,200
D) $22,150
Correct Answer:

Verified
Correct Answer:
Verified
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