Hunter's, Inc. reported a balance of $1,410 in its cash account at the end of the...
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Hunter's, Inc. reported a balance of $1,410 in its cash account at the end of the month There were $1,240 of deposits in transit and $1,170 of checks outstanding. The bank statement showed a balance of $1,510, service charges of $70, and the collection of a note plus interest. The note had a face value of $170. Compute the correct amount of cash balance O $ 1600 O$ 1410 $ 1580 O $ 1510 Hunter's, Inc. reported a balance of $1,410 in its cash account at the end of the month There were $1,240 of deposits in transit and $1,170 of checks outstanding. The bank statement showed a balance of $1,510, service charges of $70, and the collection of a note plus interest. The note had a face value of $170. Compute the correct amount of cash balance O $ 1600 O$ 1410 $ 1580 O $ 1510
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Answer 1 Option 3 1580 is the correct option Calculati... View the full answer
Related Book For
Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
Posted Date:
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