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Question As of July 31, Year 1, the bank statement for ABC Company showed an ending balance of $5,000. The unadjusted Cash account balance
Question As of July 31, Year 1, the bank statement for ABC Company showed an ending balance of $5,000. The unadjusted Cash account balance was $4,340. The following information is available: . Deposit in transit: $200 Interest earned in July: $10 Outstanding check: $1,000 NSF check: $150 What is the true cash balance? O $3,400 $4,200 O $3,550 O $4,500 Previous Next
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
6th edition
78025761, 978-0078025761
