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Apple Company's Bank Statement Showed an Ending Balance of $5,000

Question 159

Multiple Choice

Apple Company's bank statement showed an ending balance of $5,000.Items appearing in the bank reconciliation included: outstanding cheques,$500; deposits in transit,$1,000; bank service charges,$10; and Orange Company's cheque erroneously charged to Apple's bank account by the bank,$110.What is the correct cash balance at the end of the month?


A) $4,610
B) $5,390
C) $5,610
D) $6,610

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