Hazelton Manufacturing prepares a bank reconciliation at the end of every month. At the end...
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Accounting
Hazelton Manufacturing prepares a bank reconciliation at the end of every month. At the end of May, the general ledger checking account showed a balance of $1,360 and the bank statement showed a bank balance of $1,445. Outstanding checks totaled $350 and deposits in transit were $150. The bank statement listed service charges of $30 and NSF checks totaling $85. The corrected cash balance is:
Multiple Choice
$1,130.
$1,245.
$1,160.
$1,445.
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