The following information pertains to a company's cash balance and bank reconciliation as of August 31:
Company balance before reconciliation $ 5,000
Checks outstanding $ 2,500
Notes collected by the bank $ 2,200
Service fee $ 50
Deposits outstanding $ 2,000
What is the correct cash balance for the company?
A) $7,150.
B) $5,150.
C) $7,650.
D) $7,250.
Answer: $7,150,
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