Davis Company's unadjusted bank balance at March 31, 2013 is $3,300. The bank reconciliation revealed outstanding checks amounting to $500 and deposits in transit of $400. Based on this information, Davis's true cash balance is:
A) $3,400.
B) $3,000.
C) $3,700.
D) $3,200.
Correct Answer:
Verified
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