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Bas_tet [7]
3 years ago
5

The amount of cash to be reported on the balance sheet at June 30 is the

Business
1 answer:
drek231 [11]3 years ago
7 0

Answer:

The answer is C.

Explanation:

It will not be proper to just choose the balance in the cash ledger or the one in the bank because the balance as per the cash ledger in the book might be different from the balance in the bank statement in the bank.

So to eliminate this differentiation, bank reconciliation needs to be done. After this reconciliation has been carefully done, the adjusted cash balance in the reconciliation will be used.

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4 years ago
The BRS Corporation makes collections on sales according to the following schedule: 40% in month of sale 56% in month following
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Answer:

D. $155,600

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