College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN: 9781337280570
Author: Scott, Cathy J.
Publisher: South-Western College Pub
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The reconciled bank balance?

The bank statement balance of $7,000 does not include a check
outstanding of $1,000, a deposit in transit of $275, and another
company's $250 check erroneously charged against your firm's
account. The reconciled bank balance is:
a. $6,580
b. $6,375
c. $6,525
d. $6,570
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Transcribed Image Text:The bank statement balance of $7,000 does not include a check outstanding of $1,000, a deposit in transit of $275, and another company's $250 check erroneously charged against your firm's account. The reconciled bank balance is: a. $6,580 b. $6,375 c. $6,525 d. $6,570
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