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At April 30, Kessler Company Has the Following Bank Information

Question 72

Multiple Choice

At April 30, Kessler Company has the following bank information:  Cash balance per bank $11,500 Outstanding checks $700 Deposits in transit $1,375 Credit memo for interest $25 Bank service charge $50\begin{array}{lr}\text { Cash balance per bank } & \$ 11,500 \\\text { Outstanding checks } & \$ 700 \\\text { Deposits in transit } & \$ 1,375 \\\text { Credit memo for interest } & \$ 25 \\\text { Bank service charge } & \$ 50\end{array} What is Kessler's adjusted cash balance on April 30?


A) $12,150.
B) $12,200.
C) $10,825.
D) $12,175.

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