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The Roscoe Company's March 31 bank statement balance was $76,000. As of March 31, outstanding checks total $24,400 and deposits in transit total $16,200. Assuming
The Roscoe Company's March 31 bank statement balance was $76,000. As of March 31, outstanding checks total $24,400 and deposits in transit total $16,200. Assuming there are no other reconciling items, what was the March 31 cash balance on Roscoe's books?
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$67,800.
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$76,000.
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$116,600.
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$84,200.
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