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Marta Company gathered the following information in preparing its August bank reconciliation: Cash balance per books,...

Marta Company gathered the following information in preparing its August bank reconciliation: Cash balance per books, 8/31 (u

Marta Company gathered the following information in preparing its August bank reconciliation: Cash balance per books, 8/31 (unadjusted) $87,000 Deposits in transit 300 Notes receivable and interest collected by bank 1,700 Bank charge for check printing 40 Outstanding checks 4,000 NSF check 340 The adjusted cash balance per books on August 31 is: O$84,620 O $88,020 o $88,320 O $84,920
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Adjusted cash balance as per books

= Cash balance as per book 87,000 + note collected by bank 1,700 - NSF check 340 - Service charge 40

= 88,320

Option C

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