The Calder Company Received a Bank Statement Showing a Balance

question 37

Multiple Choice

The Calder Company received a bank statement showing a balance of $60,300. Reconciling items included outstanding cheques of $1,450 and a deposit in transit of $8,500. What is the company's adjusted bank balance?

• A)$60,300
• B)$58,850
• C)$68,800
• D)$67,350

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