Multiple Choice
The bank statement for Tetra Company contained the following items: a bank service charge of $10; a credit memo for interest earned, $15; and a $50 NSF check from a customer. The company had outstanding checks of $100 and a deposit in transit of $300. Assuming that the unadjusted bank balance was $500, what is the unadjusted book balance?
A) $745
B) $455
C) $700
D) $800
Correct Answer:
Verified
Correct Answer:
Verified
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