Information to calculate the adjusted cash balance for Sue's Company is as follows:

Cash balance per general ledger $2,100
Customer's check returned—NSF 75
Bank service charges 40
Deposits in transit 500
Outstanding checks 700
Customer's note collected by bank 645

A) $2,330
B) $2,430
C) $2,630
D) $2,230

Answer: C

Business

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