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Question
Gunnar Company gathered the following reconciling information in preparing its September bank reconciliation. Determine the adjusted balance on September 30.
Cash balance per company records, September 30 $2,750
Deposits in transit 200
Notes receivable and interest collected by bank 630
Bank charge for check printing 50
Outstanding checks 1,250
NSF check 290
a. $5,130
b. $3,690
c. $3,040
d. $1,590
Answer
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