The reconciling items include outstanding checks that


Question - Our company received a bank statement with a balance of $10,000. The reconciling items include outstanding checks that totaled $2,000 and a deposit in transit of $1,000. What is the adjusted bank balance after we complete the bank reconciliation?

$7,000

$9,000

$11,000

$13,000

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Accounting Basics: The reconciling items include outstanding checks that
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