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The Shady Mills Company Cash account shows an ending balance of $1,200. The bank statement...

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Accounting

The Shady Mills Company Cash account shows an ending balance of $1,200. The bank statement shows an ending balance of $770. Additional information includes:
Bank service charge, $30
Deposits in transit, $300
Outstanding cheques, $50
What is the adjusted bank balance?
Answer
$1,050
$2,050
$990
$1,020
I don't know yet

Answer & Explanation Solved by verified expert
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