A Company Received a Bank Statement Showing a Balance of $78,000.Reconciling

question 126

Multiple Choice

A company received a bank statement showing a balance of $78,000.Reconciling items included outstanding checks of $2,400 and a deposit in transit of $9,400.What is the company's adjusted bank balance?

• A)$66,200
• B)$71,000
• C)$85,000
• D)$68,600

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