Determine available cash balance from bank statement and Cash account data (L.O. 4) The bank...
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Accounting
Determine available cash balance from bank statement and Cash account data (L.O. 4)
The bank statement for Yarley Company at the end of August showed a balance of $12,862. Checks outstanding totaled $3,937, and deposits in transit were $5,990. If these amounts are the only pertinent data available to you, what was the adjusted balance of cash at the end of August?
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