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July 24, 2014

Homework Help: I need help answering this Accounting question!?

Posted by Anton on Saturday, October 20, 2012 at 2:14pm.

While preparing the April 30th bank reconciliation for the checking account for Calvin Corporation, the accountant identified the following items:

Calvin's balance according to the general ledger: $15,000
Outstanding checks: 2,500
Bank service charge: 15
A customer's NSF check returned by the bank: 100

What amount will Calvin report as its adjusted cash balance at April 30th?

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