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26. What is the correct answer for this problem? Thank you! The following data pertains to Michael Trading on April 30: Correct cash balance In

26. What is the correct answer for this problem? Thank you!

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The following data pertains to Michael Trading on April 30: Correct cash balance In a general checking account with 800 320,000 Overdraft In a special checking account with GenBank (Michael trading does not have another account with GenBank) 20,000 Cash accumulated In a special fund that will be used for plant expansion In ve years. 150.000 Cash surrender value of life insurance policy 32,000 Cash travel advances in the hands of sales personnel 12.000 Currency and coins in petty cash fund (the company has not replenished the fund to the imprest amount of P1000) 580 how much cash should Michael report on Aprll 30

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