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GoodMad_ GoodMad_
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7 years ago
Agnes has a checking account and she has just received her March bank statement that shows an ending balance of $250. Agnes' records indicate an ending balance of $220. In looking over the data you notice that two checks Agnes wrote totaling $75 had not yet cleared the bank, while a deposit for $40 that she mailed had not been received by the bank. There also was a $5 bank service charge. To adjust her records, Agnes should
A) do nothing, everything seems in good order.
B) call the bank and tell them that their balance is incorrect.
C) reduce her book balance by $5.
D) increase the bank balance by $40.
Textbook 
Personal Finance: An Integrated Planning Approach

Personal Finance: An Integrated Planning Approach


Edition: 8th
Author:
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bzapianbzapian
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GoodMad_ Author
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#2
7 years ago
Another one bites the dust, as in, it's right Smiling Face with Open Mouth
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