medium · Financial Accounting assets
A firm's Cash general ledger account shows a balance of $12,400. The bank reconciliation reveals: Outstanding checks of $1,200, a Deposit in transit of $2,000, a Bank service charge of $40, and an NSF check from a customer for $300.
What is the adjusted Book Balance?
- $12,060
- $12,860
- $13,200
- $12,360
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