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What was the adjusted bank statement balance

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Reference no: EM132888782

The following information is needed to reconcile the cash balance for Tiger Island Ltd:

  • A deposit of $5500 is in transit.
  • Outstanding cheques at 31 March were #403 $870 an #410 $630.
  • The book balance is $8,530 at 31 March 2020.
  • The bookkeeper recorded a $1800 cheque as $17,100 in payment of the current month's rent.
  • The bank balance at 31 March 2020 was $21,070.
  • A deposit of $500 was credited by the bank for $5000.
  • A dishonoured cheque from a customer for $3200 was returned by the bank.
  • The bank service charge is $60.

Problem 1: What was the adjusted bank statement balance?

A. 19 100

B. 20 570

C. 18 660

D. 18 600

Reference no: EM132888782

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