The Umbrella Corporation is performing their monthly bank statement reconciliation. The bank statement cash balance...
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Accounting
The Umbrella Corporation is performing their monthly bank statement reconciliation. The bank statement cash balance is $11,056. The unadjusted cash balance per the books is $7,916. The following information is known: Deposits in Transit - $3475 Interest earned on their account - $5 Service Charges for new checks - $30 Outstanding Checks - $7,540 An NSF check - $900 What is the true cash balance (for either bank or book)?
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