[The Following Information Applies to the Questions Displayed Below

question 65

Multiple Choice

[The following information applies to the questions displayed below.]
The Cash account in the ledger of Hensley,Inc.showed a balance of $3,100 at June 30.The bank statement,however,showed a balance of $3,900 at the same date.The only reconciling items consisted of a $700 deposit in transit,a bank service charge of $7,and a large number of outstanding checks.
-What is the "adjusted cash balance" at June 30?

• A)$3,900.
• B)$3,093.
• C)$7,600.
• D)$2,400.

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Definitions:

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