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A 270 deposit is in transit and outstanding checks total

Question - Somerset Company's Cash account shows an ending balance of $ 760. The bank statement shows a $ 29 service charge and an NSF check for $ 130. A $ 270 deposit is in transit, and outstanding checks total $ 450. What is Somerset's adjusted cash balance?

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Accounting Basics: A 270 deposit is in transit and outstanding checks total

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Accounting Basics: A 270 deposit is in transit and outstanding checks total

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