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1.The following pertains to Solid Co. at December 31, 2017: Checkbook balance P 60,000 Bank statement balance 80,000 Check drawn on Solid's account, payable to
1.The following pertains to Solid Co. at December 31, 2017:
Checkbook balance P 60,000
Bank statement balance 80,000
Check drawn on Solid's account, payable to
a vendor, dated and recorded 12/31/14
but not mailed until 1/10/159,000
On Solid's December 31, 2017 balance sheet, what amount should be reported as cash?
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