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Blossom Company has just received the August 31, 2025, bank statement, which is summarized below. The general ledger Cash account contained the following entries for
Blossom Company has just received the August 31, 2025, bank statement, which is summarized below. The general ledger Cash account contained the following entries for the month of August. Deposits in transit at August 31 are $6,171, and checks outstanding at August 31 total $1,705. Cash on hand at August 31 is $503. The bookkeeper improperly entered one check in the books at $147 which was written for $165 for supplies (expense); it cleared the bank during the month of August. What amount of cash should be reported in the August 31 balance sheet? Cash to be reported in the August 31 balance sheet $
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