Question
The following account balances were listed on the trial balance of Edgar Company at the end of the period: Account Balance Accounts Payable $ 31,000
The following account balances were listed on the trial balance of Edgar Company at the end of the period:
| Account | Balance | ||
| Accounts Payable | $ | 31,000 | |
| Cash | 49,300 | ||
| Common Stock | 32,000 | ||
| Equipment | 14,500 | ||
| Land | 46,000 | ||
| Notes Payable | 61,000 | ||
The companys trial balance is not in balance and the companys accountant has determined that the error is in the cash account. What is the correct balance in the cash account?
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The Changing Face Of American BankingDeregulation, Reregulation, And The Global Financial System
Authors: Ranajoy Ray Chaudhuri
3rd Edition
1137365811, 9781137365811
