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The Candy Place Received a Bank Statement Showing a Balance

Question 97

Multiple Choice

The Candy Place received a bank statement showing a balance of $5,350. What is the adjusted balance if there was a bookkeeper error of $200 in the depositor's favour, two outstanding cheques totalling $720, a service charge of $15, a deposit in transit of $165, and interest revenue of $21 earned by the depositor?


A) $4,795
B) $4,995
C) $5,016
D) $4,601

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