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The Winston Company's August 31 pre-reconciliation cash balance on its books was $60,000. In other words, the August 31 balance on Winston's books before getting
The Winston Company's August 31 pre-reconciliation cash balance on its books was $60,000. In other words, the August 31 balance on Winston's books before getting the bank statement was $60,000. While preparing the August 31 bank reconciliation, Winston determined that outstanding checks total $9,000, deposits in transit total $7,000, and interest earned on the account during August totals $10. Assuming there are no other reconciling items, what was Winston's August 31 cash balance per the bank statement? O $62,000 O $58,000 O $62,010 0 $58,010
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