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The bank statement for Tetra Company contained the following items: a bank service charge of $10;a credit memo for interest earned,$15;and a $50 NSF check from a customer.The company had outstanding checks of $100 and a deposit in transit of $300.
-Assuming that the unadjusted bank balance was $500,determine the unadjusted book balance.
A)$745.
B)$455.
C)$700.
D)$800.

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Quizplus · Accepted Answer

The unadjusted book balance is the sum of the unadjusted bank balance and the outstanding checks minus the deposit in transit. Therefore, the unadjusted book balance is $500 + $100 - $300 = $745.

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