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Marta_Voda [28]
3 years ago
11

Rainey Company's true cash balance at October 31 is $4,700. The following information is available for the bank reconciliation:

Outstanding checks, $740 Deposits in transit, $540 Bank service charges, $110 The bank had collected an account receivable for Rainey Company, $1,200 The bank statement included an NSF check written by one of Ramsey's customers for $720. What was the unadjusted book balance at October 31
Business
1 answer:
Colt1911 [192]3 years ago
5 0

Answer: $4330

Explanation:

The unadjusted book balance at October 31 is calculated below:

True cash balance = $4700

Add: Bank service charge = $110

Add: NSF Check = $720

Less: Account receivable = $1200

Unadjusted book balance = $4330

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