Determine the adjusted cash balance per bank for Sam's Packaging on November 30, from the following information:

Cash balance on the bank statement $3,350
Customer's check returned—NSF 500
Customer's note collected by the bank 600
Deposits in transit, November 30 1,400
Outstanding checks, November 30 3,650

A) $1,250
B) $1,100
C) $1,550
D) $1,350


Ans: B) $1,100

Business

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