Question
The Roscoe Company's March 31 bank statement balance was $79,500. As of March 31, outstanding checks total $25,800 and deposits in transit total $16,900. Assuming
The Roscoe Company's March 31 bank statement balance was $79,500. As of March 31, outstanding checks total $25,800 and deposits in transit total $16,900. Assuming there are no other reconciling items, what was the March 31 cash balance on Roscoe's books?
$70,600
$79,500
$122,200
$88,400
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
