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Multiple Choice $6,678 $7,368 $6,311 $5,663 $6,752 In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information: Cash balance per company books on January 30 Deposits in transit at month-end Outstanding checks at month-end Bank service charges An NSF check returned on a customer account The adjusted cash balance per the books on January 31 is: Multiple Choice $6,678 $7,368 O. $6,311 $5,663 $6,425 $2,140 $ 690 $ 42 $ 720

Multiple Choice $6,678 $7,368 $6,311 $5,663 $6,752 In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information: Cash balance per company books on January 30 Deposits in transit at month-end Outstanding checks at month-end Bank service charges An NSF check returned on a customer account The adjusted cash balance per the books on January 31 is: Multiple Choice $6,678 $7,368 O. $6,311 $5,663 $6,425 $2,140 $ 690 $ 42 $ 720

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Multiple Choice $6,678 $7,368 $6,311 $5,663 $6,752
Transcribed Image Text:Multiple Choice $6,678 $7,368 $6,311 $5,663 $6,752
In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information: Cash balance per company books on January 30 Deposits in transit at month-end Outstanding checks at month-end Bank service charges An NSF check returned on a customer account The adjusted cash balance per the books on January 31 is: Multiple Choice $6,678 $7,368 O. $6,311 $5,663 $6,425 $2,140 $ 690 $ 42 $ 720
Transcribed Image Text:In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information: Cash balance per company books on January 30 Deposits in transit at month-end Outstanding checks at month-end Bank service charges An NSF check returned on a customer account The adjusted cash balance per the books on January 31 is: Multiple Choice $6,678 $7,368 O. $6,311 $5,663 $6,425 $2,140 $ 690 $ 42 $ 720
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