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The following information pertains to Rose Company at Dec. 31, 2018: Bank statement balance 1,000,000 Checkbook balance 1,400,000 Deposit in transit 500,000 Outstanding checks 100,000
The following information pertains to Rose Company at Dec. 31, 2018:
Bank statement balance 1,000,000
Checkbook balance 1,400,000
Deposit in transit 500,000
Outstanding checks 100,000
In Roses Dec. 31, 2018 balance sheet, cash should be reported at
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