Question
Dent Company's unadjusted bank balance at March 31, 2014 is $3,000. The bank reconciliation revealed outstanding checks amounting to $500 and deposits in transit of
Dent Company's unadjusted bank balance at March 31, 2014 is $3,000. The bank reconciliation revealed outstanding checks amounting to $500 and deposits in transit of $300. Based on this information, Dent's true cash balance is:
A. $2,700.
B. $2,800.
C. $2,900.
D. $3,100.
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Edp Auditing A Functional Approach
Authors: Albert J. Harnois
1st Edition
0132246848, 978-0132246842
