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Question
Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Determine the adjusted balance on May 31.
Cash balance per company records, May 31 $5,400
Deposits in transit 375
Notes receivable and interest collected by bank 650
Bank charge for check printing 40
Outstanding checks 2,400
NSF check 140
a. $5,870
b. $6,245
c. $4,930
d. $3,845
Answer
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