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Solid Company has a reconciled cash balance of $7,320. The bank reconciliation reflects $554 in outstanding checks, debit memoranda of $57, credit memoranda of
Solid Company has a reconciled cash balance of $7,320. The bank reconciliation reflects $554 in outstanding checks, debit memoranda of $57, credit memoranda of $97 and a bank error that, when corrected, increases the bank cash balance by $52. What is the cash balance per the bank statement before taking into account any reconciling items?
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Lets break down the information provided 1 Reconciled Cash Balance 7320 This is the starting poi...
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Financial Accounting with IFRS Fold Out Primer
Authors: John Wild
5th edition
978-0077408770, 77408772, 978-0077413804
