Question: At March 31 Ronca Company has the following information available

At March 31, Ronca Company has the following information available about its cash account:
Cash balance per bank ........ $7,500
Outstanding checks ......... $2,500
Deposits in transit ........ $1,800
Bank service charge ......... $ 100

Determine the true cash balance per bank at March 31 and tell where it would be reported in the financial statements.




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  • CreatedSeptember 01, 2014
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