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P Question 13 4 pts MBC Inc. deposits all cash receipts on 'lhe day they are received and makes all cash payments by check. The
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Question 13 4 pts MBC Inc. deposits all cash receipts on 'lhe day they are received and makes all cash payments by check. The February general ledger shows $24,327 at the end of the month. Comparison Of the bank statement to its seneral ledger cash account revealed the following: NSF check deposit Deposit in transit Outstanding checks 552 1,100 1,100 Additionally, interest of $79 was earned on the bank account but had not been recorded in the general ledger. The adjusted cash balance per the book records should 'be:
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
