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In anticipation of preparing the July bank reconciliation, the accountant gathered the following information: Bank statement...

In anticipation of preparing the July bank reconciliation, the accountant gathered the following information:

Bank statement balance

$4,300
Deposit in transit

500
Outstanding checks

300
Bank service charges

10
Customer's NSF check returned by the bank

50


What is the company's adjusted cash balance at July 31st?

$4,300

$4,050

$4,140

$4,500
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