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Compute the true cash balance at may

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Question - As of May 31, 2009, the bank statement showed an ending balance of $17,632.52. The following information was available:

1) Deposits in transit $3,145.00

2) Credit memo for interest earned $80.00

3) Outstanding checks $6,790.50

4) Service charge $39.00

Required: Compute the true cash balance at May 31, 2009.

Reference no: EM131772756

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