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Question: 96 The following information is related to the bank reconciliation of the Flipper Company: Balance per bank statement $ 1,951.20 Balance per ledger 1,869.60 Deposits in transit 271.20 Outstanding checks 427.80 NSF check 61.20 Service charges 13.80 The adjusted/correct cash balance is: a. $1,794.60 b. $1,719.60 c. $1,638.00 d. $1,713.00 d. $1,876.20

Question: 96 The following information is related to the bank reconciliation of the Flipper Company: Balance per bank statement $ 1,951.20 Balance per ledger 1,869.60 Deposits in transit 271.20 Outstanding checks 427.80 NSF check 61.20 Service charges 13.80 The adjusted/correct cash balance is: a. $1,794.60 b. $1,719.60 c. $1,638.00 d. $1,713.00 d. $1,876.20

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 7EB: Using the following information, prepare a bank reconciliation. Bank balance: $4,021 Book balance:...
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Question: 96 The following information is related to the bank reconciliation of the Flipper Company: Balance per bank statement $ 1,951.20 Balance per ledger 1,869.60 Deposits in transit 271.20 Outstanding checks 427.80 NSF check 61.20 Service charges 13.80 The adjusted/correct cash balance is: a. $1,794.60 b. $1,719.60 c. $1,638.00 d. $1,713.00 d. $1,876.20
Transcribed Image Text:Question: 96 The following information is related to the bank reconciliation of the Flipper Company: Balance per bank statement $ 1,951.20 Balance per ledger 1,869.60 Deposits in transit 271.20 Outstanding checks 427.80 NSF check 61.20 Service charges 13.80 The adjusted/correct cash balance is: a. $1,794.60 b. $1,719.60 c. $1,638.00 d. $1,713.00 d. $1,876.20
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