Clayborn Company deposits all cash receipts on the day they are received and makes all...

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Accounting

Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by check. At
debit balance of $23,025. Clayborn's May bank statement shows a $20,600 balance in the bank. Determine the adjus
The adjusted cash balance should be:
Multiple Choice
$14,800
$22,940
$21,800
$27.600
$21,825
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