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A Company Received a Bank Statement Showing a Balance of $79,000

Question 95

Multiple Choice

A company received a bank statement showing a balance of $79,000. Reconciling items included outstanding checks of $2,300 and a deposit in transit of $9,400. What is the company's adjusted bank balance?


A) $67,300
B) $71,900
C) $86,100
D) $69,600

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