The Bank Statement Balance Is $6,450 and Shows a Service

question 70

Multiple Choice

The bank statement balance is $6,450 and shows a service charge of $30, interest earned of $25, and an NSF check for $475. Deposits in transit total $1,850; outstanding checks are $1,125. What is the adjusted bank balance?

• A)$7,175
• B)$7,655
• C)$5,725
• D)$5,970

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Definitions:

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