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QUESTION
The following information regarding cash for Alpha Company is provided for the month ending March 31, 2016:
The following information regarding cash for Alpha Company is provided for the month ending March 31, 2016:
Item
Amount
Ending Cash per Bank Statement
$1,700
Ending Cash per Company Books
$1,905
Bank Service Charges
$25
Deposits in Transit
$425
Outstanding Cheques
$350
Customer Cheque returned NSF
$105
What is the adjusted cash balance based on the completed bank reconciliation?
