Question: what is the answer Jersey Bob's Co has a checking account at Home Bank and an interest-bearing savings account at Chasen Bank. On December 31,
Jersey Bob's Co has a checking account at Home Bank and an interest-bearing savings account at Chasen Bank. On December 31, thank bank reconciliations for Jersey Bob's are as follows: Home Bank Bank balance $1,500 outstanding checks (6,500) Book balance (5,000) Chasen Bank Bank balance $150,000 3.500 deposits in transit 153,000 Book balance What is the appropriate cash balance to be reported on Jersey Bob's balance sheet
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