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Flynn Company's monthly bank statement showed the ending balance of cash of $22,750. The bank reconciliation for the period showed an adjustment for a deposit in transit of $2,300, outstanding checks of $3,250, a NSF check of $870, bank service charges of $30 and the EFT from a customer in payment of the customer's account of $1,670. What is the adjusted cash balance at the end of the month?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9960179

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