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Before Reconciling to Its Bank Statement,Lauren Cosmetics Corporation's General Ledger

Question 2

Multiple Choice

Before reconciling to its bank statement,Lauren Cosmetics Corporation's general ledger had a month-end balance in the cash account of $5,250.The bank reconciliation for the month contained the following items: Given the above information,what adjusted cash balance should Lauren report at month-end?


A) $4,500.
B) $4,820.
C) $5,160.
D) $5,590.

Correct Answer:

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