A bank statement shows a balance of $9,585 at June 30. The bank reconciliation is...
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Accounting
A bank statement shows a balance of $9,585 at June 30. The bank reconciliation is prepared and includes outstanding checks of $2,075, deposits in transit of $1,430, and a bank service charge of $15. Among the paid checks returned by the bank was check no. 900 in the amount of $510, which the company had erroneously recorded in the accounting records as $60. The "adjusted cash balance" at June 30 is
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