Discussion 3 - McIntyre Company adheres to a policy of depositing

Discussion 3 - McIntyre Company adheres to a policy of depositing

Question # 00788407 Posted By: dr.tony Updated on: 12/31/2020 12:01 PM Due on: 12/31/2020
Subject Education Topic General Education Tutorials:
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Discussion 3

McIntyre Company adheres to a policy of depositing all cash receipts in a bank account and making all payment by check. The cash account as of Dec. 31st has a credit balance of $1850, and there is no un-deposited cash on hand.

(a) Assuming no errors occurred during journalizing or posting, what caused this unusual balance?

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    Tutorial # 00788368 Posted By: dr.tony Posted on: 12/31/2020 12:02 PM
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