The Conner Company's August 31, 2016 cash balance on its books was $90,000. As of August 31,
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Question:
The Conner Company's August 31, 2016 cash balance on its books was $90,000. As of August 31, outstanding checks total $44,000, and deposits in transit total $30,000.
What was the August 31, 2016 cash balance on Conner's bank statement?
Related Book For
Hospitality Financial Accounting
ISBN: 978-0470083604
2nd Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Agnes L.
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