At March 31, Ronca Company has the following information available about its cash account: Cash balance per

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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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Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

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Authors: Jane L. Reimers

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Question Posted: Sep 01, 2014 12:29 PM

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At March 31, Ronca Company has the following information available about its cash account: Cash balance per

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Cash balance per bank 7500 Add Deposits in transit 1800 ...View the full answer

Financial Accounting: A Business Process Approach

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