Question
ces As of June 30, Year 1, the bank statement showed an ending balance of $30,500. The following information is available: 1. Deposit in
ces As of June 30, Year 1, the bank statement showed an ending balance of $30,500. The following information is available: 1. Deposit in transit: $10,300. 2. Outstanding check: $8,700. Required: Determine the true cash balance as of June 30. True cash balance
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Intermediate Accounting
Authors: Earl K. Stice, James D. Stice
18th edition
538479736, 978-1111534783, 1111534780, 978-0538479738
