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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Determine the amount of Cash to be shown on Mickey Mouse’s

Transcribed Image Text:In preparing its bank reconciliation at December 31,2021, Mickey Mouse Corporation had made
available the following information:
Balance per bank statement
Deposits in transit
Outstanding checks
Bank service charge for December
Included in the Outstanding checks is the check drawn
against the bank account which was dated January 4, 2022
NSF Checks
P405,750
42,000
37,800
1,200
8,700
8,000
Proceeds from the loan borrowed by Mickey Mouse Corporation
19,500
Determine the amount of Cash to be shown on Mickey Mouse's Statement of Financial Position
on December 31,2021
Expert Solution
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