Duke Company's unedusted bank balance at March 31 is $3850. The bank reconciliation revealed outstanding checks amounting to $580 and deposits in transit of $460. What is the true cash balance? $3850 $3390 $3730 $4310 Abbott Company purchased $7300 of merchandise inventory on account. Abbott uses the perpetual inventory system. Which of the following entries would be required to record this transaction? 7300 Inventory Accounts Payable 7300 Accounts Payable Purchases 7300 Cost of Goods Sold Accounts Payable 7300 Accounts Payable Inventory 7300