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Park Place Received a Bank Statement Showing a Balance of $1,400

Question 41

Multiple Choice

Park Place received a bank statement showing a balance of $1,400. What is the adjusted balance if there was a bookkeeper error of $100 in the depositor's favour, two outstanding cheques totalling $40, a service charge of $10, a deposit in transit of $150, and interest revenue of $26 earned by the depositor?


A) $1,110
B) $1,510
C) $1,636
D) $1,610

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