Cardinal Company's bank howed a ba 31, what balance should Cardinal's Cash account show? $276.640 DOW SOS ONNOS ocesos IVORCOLS buy bueno que passa a
Cardinal Company's bank howed a ba 31, what balance should Cardinal's Cash account show? $276.640 DOW SOS ONNOS ocesos IVORCOLS buy bueno que passa a
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
siubject : accounting
![Cardinal Company's bank statement showed a balance at May 31 of $206,400. The only reconciling items consisted of a large number of outstanding checks totaling $70.240. At May
31, what balance should Cardinal's Cash account show?
Multiple Choice
O
$276.640
$206,400
$120.00
$65.920
16](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc7fe5a73-45e4-4166-8ba1-50e355550dfc%2F3763c544-f783-4458-a3dd-c6c91bc1f450%2F3syumsb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Cardinal Company's bank statement showed a balance at May 31 of $206,400. The only reconciling items consisted of a large number of outstanding checks totaling $70.240. At May
31, what balance should Cardinal's Cash account show?
Multiple Choice
O
$276.640
$206,400
$120.00
$65.920
16
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