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The Bank Statement Balance Is $6,450 and Shows a Service

Question 12

Multiple Choice

The bank statement balance is $6,450 and shows a service charge of $30, interest earned of $25, and an NSF check for $475. Deposits in transit total $1,850; outstanding checks are $1,125. What is the adjusted book balance?


A) $7,175
B) $5,725
C) $7,655
D) $5,970

Correct Answer:

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