cash balance as of March 31
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
H7.
What is ABC Company, Inc.'s cash balance as of March 31?
Cash balance on depositor's books: $15,000
checks in circulation: $2,500
interest earned on account balance: $15
customer check returned for non-sufficient funds (“NSF”): $100
multiple choice
a)$12,500
b)$14,885
c)$14,915
d)$17,385
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