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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
النسخة 14الرقم المعياري الدولي: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
النسخة 14الرقم المعياري الدولي: 978-1305653535 تمرين 12
McIntyre Company adheres to a policy of depositing all cash receipts in a bank account and making all payments by check. The cash account as of December 31 has a credit balance of $1,850, and there is no undeposited cash on hand.
(a) Assuming that no errors occurred during journalizing or posting, what caused this unusual balance?
(b) Is the $1,850 credit balance in the cash account an asset, a liability, owner's equity, a revenue, or an expense?
(a) Assuming that no errors occurred during journalizing or posting, what caused this unusual balance?
(b) Is the $1,850 credit balance in the cash account an asset, a liability, owner's equity, a revenue, or an expense?
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a. The unusual balance could be caused d...
Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
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