How much cash should x co report on its august, Accounting Basics

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How much cash should x co report on its august

According to its August 31 bank statement, X Coâ€^TMs bank account held $10,000. Deposits in transit were $3,000; outstanding checks were $1,000; bank service charges were $10; and a customerâ€^TMs check for $50 was returned NSF. How much cash should X Co report on its August 31 balance sheet?

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Accounting Basics: How much cash should x co report on its august

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Q : How much cash should x co report on its august

According to its August 31 bank statement, X Coâ€TMs bank account held $10,000. Deposits in transit were $3,000; outstanding checks were $1,000; bank service charges were $10; and a customerâ€TMs check for $50 was returned NSF

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Accounting Basics: How much cash should x co report on its august

Reference No:- TGS0708032

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Recent Questions Asked Accounting Basics

Q : Find present value of an investment in plant and equipments

Q : How many shares of common stock are authorized

Q : Estimate the price elasticity of demand

Q : Find the name and internet address of a firm

Q : How much cash should x co report on its august

Q : What is the amount of total liabilities at the end

Q : Discuss the standard absorption cost of a package

Q : How to estimate uncollectible accounts expense differ

Q : Discuss the cost of msb using relative sales value

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How much cash should x co report on its august

Reference No:- TGS0708032

Recent Questions Asked Accounting Basics

Q : Find present value of an investment in plant and equipments

Q : How many shares of common stock are authorized

Q : Estimate the price elasticity of demand

Q : Find the name and internet address of a firm

Q : How much cash should x co report on its august

Q : What is the amount of total liabilities at the end

Q : Discuss the standard absorption cost of a package

Q : How to estimate uncollectible accounts expense differ

Q : Discuss the cost of msb using relative sales value

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