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The following account balances were listed on the trial balance of Edgar Company at the end of the period: Account Balance: Accounts Payable $ 30,600

The following account balances were listed on the trial balance of Edgar Company at the end of the period: Account Balance:

Accounts Payable $ 30,600

Cash 48,900

Common Stock 30,000

Equipment 13,500

Land 45,000

Notes Payable 60,000

The company's trial balance is not in balance and the company's accountant has determined that the error is in the cash account. What is the correct balance in the cash account?

Multiple Choice

  • $31,500

  • $2,100

  • $57,900

  • $62,100

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