A company has a cash balance in their general ledger of "$4,000". On the bank statement they just received they see the following items: a note collected by the bank from their customer for $1,000 plus $40 in interest, bank service charges of $20 and a NSF check from a customer for $300. What should the CORRECT balance in the general ledger cash account be?
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A company has a cash balance in their general ledger of "$4,000". On the bank statement they just re...
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