Clayborn Company deposits all cash receipts on the day they are recelved and makes all...
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Accounting
Clayborn Company deposits all cash receipts on the day they are recelved and makes all cash payments by check. At the close of business on May 31, its Cash account shows a debit balance of $18,025. Clayborn's May bank statement shows $16,600 on deposit in the bank Determine the adjusted cash balance using the following information Deposit in transit Outstanding checks Bank service fees, not, yet recorded by company A NSF check from customer, not yet recorded by the company 55, 580 4,880 $ 35 5 690 The adjusted cash balance should be Multiple Chice 17,300 800 SCAN
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