Advanced Placement (AP), 10.09.2020 02:01 esnyderquintero

McIntyre Company adheres to a policy of depositing all cash receipts in a bank account and making all payments by check. The cash account as of December 31 has a credit balance of $1,850, and there is no undeposited cash on hand. Assuming that no errors occurred during journalizing or posting, what caused this unusual balance?

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McIntyre Company adheres to a policy of depositing all cash receipts in a bank account and making al...