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Question 49

Multiple Choice

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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:

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