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Larry Company prepares bank reconciliations that adjust to the correct balance of cash, based on the following:
Outstanding checks$ 177Note collected for Larry by bank 550Bank service charges 27Check written for $98 incorrectly recorded in books at $89;check cleared the bank for $98 9NSF check 82Unadjusted book balance 3,299Deposits in transit 192
Determine the adjusted cash balance.AnswerA. $3,731B. $3,908C. $3,749D. $3,554
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