Question
Duke Company's unadjusted bank balance at March 31, 2016 is $4,180. The bank reconciliation revealed outstanding checks amounting to $620 and deposits in transit of
Duke Company's unadjusted bank balance at March 31, 2016 is $4,180. The bank reconciliation revealed outstanding checks amounting to $620 and deposits in transit of $460. Based on this information, Duke's true cash balance is:
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
5th edition
9780470418239, 470239808, 9780470239803, 470418230, 978-1118128169
