Homework Answers
Correct cash balance
| Unadjusted cash balance | 14606 |
| Less: Interest on loan | -1862 |
| Less: bank Charges | -234 |
| Adjusted cash balance | 12510 |
So answer is d) $12510
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The accounting records of an entity showed an unadjusted cash balance of $14606 at December 31, 20x3. In January 20...
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