Homework Answers
SOLUTION
Adjusted cash balance = $7,462 thus option D is correct.
| Unadjusted book balance | 6,598 |
| Add: Note collected for David by bank | 1,100 |
| Less: Bank service charges | (54) |
| Less: Correction in check | (18) |
| Less: NSF check | (164) |
| Adjusted cash balance | 7,462 |
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