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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?

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