Business, 30.10.2020 17:00 torresfatima20pa6p1r
The Roscoe Company's March 31 bank statement balance was $79,500. As of March 31, outstanding checks total $25,800 and deposits in transit total $16,900. Assuming there are no other reconciling items, what was the March 31 cash balance on Roscoe's books?
a. $70,600
b. $79,500
c. $122,200
d. $88,400
Answers: 3
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The Roscoe Company's March 31 bank statement balance was $79,500. As of March 31, outstanding checks...
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