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    Computing the Adjusted Cash Balance Per Bank

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    At July 31, Kuhlmann Company has the following bank information: cash balance per bank $8,069, outstanding checks $856, deposits in transit $1,500, and a bank service charge $26. Determine the adjusted cash balance per bank at July 31.

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    Solution Summary

    This solution illustrates how to compute the adjusted cash balance per the bank.

    $2.19

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