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Easton CoDeposits All Cash Receipts on the Day They Are Received

question 118

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Easton Co.deposits all cash receipts on the day they are received and makes all cash payments by check.At the close of business on June 30,its Cash account shows a debit balance of $60,209.Easton's June bank statement shows $58,349 on deposit in the bank.Determine the adjusted cash balance using the following information: Easton Co.deposits all cash receipts on the day they are received and makes all cash payments by check.At the close of business on June 30,its Cash account shows a debit balance of $60,209.Easton's June bank statement shows $58,349 on deposit in the bank.Determine the adjusted cash balance using the following information:   The adjusted cash balance should be: A) $60,194 B) $60,239 C) $62,149 D) $56,424 E) $60,224 The adjusted cash balance should be:


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