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Franklin Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on
Franklin Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on August 31, its Cash account shows a debit balance of $20,162. Franklin's August bank statement shows a $19,837 balance in the bank. Determine the adjusted cash balance using the following information
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Financial Accounting An Introduction
Authors: Jacqui Kew, Alex Watson
4th Edition
0199046484, 978-0199046485
