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nadezda [96]
3 years ago
13

The following data was identified by Raines Corp. in preparation of its bank reconciliation on October 31, 2017:

Business
1 answer:
Elena-2011 [213]3 years ago
3 0

Answer:

the  adjusted cash balance on October 31, 2017 is $29,600

Explanation:

The computation of the  adjusted cash balance on October 31, 2017 is shown below:

Bank statement balance $30,700

Add: Deposits in transit $3,100

Less; Outstanding checks $4,200

Adjusted cash balance on October 31, 2017 $29,600

hence,  the  adjusted cash balance on October 31, 2017 is $29,600

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