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QUESTION
While preparing the April 30th bank reconciliation for the checking account for Calvin Corporation, the accountant identified the following items:...
While preparing the April 30th bank reconciliation for the checking account for Calvin Corporation, the accountant identified the following items:
Calvin's balance according to the general ledger: $15,000
Outstanding checks: 2,500
Bank service charge: 15
A customer's NSF check returned by the bank: 100
What amount will Calvin report as its adjusted cash balance at April 30th?
