Question

The advertising firm Rog & Co. had the following information available concerning its cash account for the month of July:
Balance per Rog & Co. books, July 31 ..... $24,180.55
Outstanding checks ............. 5,440.29
NSF check from customer ........... 800.00
Note collected by bank ............ 1,600.00
Deposits in transit ............... 4,960.58
Miscellaneous fees:
Charge for collection of note ......... 20.00
Order for checks ................ 62.50
Interest earned on bank account ....... 421.38
Calculate the true cash balance as of July 31.



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  • CreatedSeptember 01, 2014
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