At July 31, Farmer Company has this bank information: cash balance per bank $7,291; outstanding checks $762;

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At July 31, Farmer Company has this bank information: cash balance per bank $7,291; outstanding checks $762; deposits in transit $1,350; and a bank service charge $40. Determine the adjusted cash balance per bank at July 31.

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Accounting Tools for Business Decision Making

ISBN: 978-1118128169

5th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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