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checks are $1,835. The balance per books at November 30 is $6,910.What is the adjusted bank balance at November30?C
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34) The ending bank statement balance at November 30 is $6,750. The bank statement shows a service charge of$95, electronic funds receipts of $500 and a NSF check for $350. Deposits in transit total $2,050 and outstandingchecks are $1,835. The balance per books at November 30 is $6,910. What is the adjusted book balance atNovember 30?C
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35) Marjorie Company's cash balance per the books at the end of the month was $6,500. After comparing thecompany's records with the monthly bank statement, Marjorie's accountant identified the following reconcilingitems: outstanding checks, $800; deposits in transit, $700; bank service charge, $30; and NSF check, $500. The bankcollection of a note receivable was $1,000 plus interest of $100. There also was an EFT payment of $100. What isthe adjusted book balance at the end of the month?D
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36) When preparing the bank reconciliation, if the the adjusted book balance and the adjusted bank balance disagree,this may indicate:A) an error made in preparing the bank reconciliationB) stealing of cash by an employee in the businessC) fraudulent financial reportingD) A and BAnswer:D
5TEST BANKFinancial Accounting, 10e(Harrison/Horngren/Thomas)