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Hazelton Manufacturing Prepares a Bank Reconciliation at the End of Every

Question 61

Multiple Choice

Hazelton Manufacturing prepares a bank reconciliation at the end of every month. At the end of May, the general ledger checking account showed a balance of $1,360 and the bank statement showed a bank balance of $1,445. Outstanding checks totaled $350 and deposits in transit were $150. The bank statement listed service charges of $30 and NSF checks totaling $85. The corrected cash balance is:


A) $1,130.
B) $1,160.
C) $1,245.
D) $1,445.

Correct Answer:

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