Question
Valley Company's (bank statement) showed a balance at May 31 of $123,629. The(only reconcilling items) were outstanding checks totaling $22,415. At May 31, what balance
Valley Company's (bank statement) showed a balance at May 31 of $123,629. The(only reconcilling items) were outstanding checks totaling $22,415. At May 31, what balance should Valley's Cash general ledger account show?
O A. $101,214. B. $146,044. O C. Also $123,629. OD. $123,629 minus any deposits in transit Question 31
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
978-0324300987
