McIntyre Company adheres to a policy of depositing all cash receipts

McIntyre Company adheres to a policy of depositing all cash receipts

Question # 00783823 Posted By: dr.tony Updated on: 11/12/2020 01:19 PM Due on: 11/12/2020
Subject Education Topic General Education Tutorials:
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 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 # 00783722 Posted By: dr.tony Posted on: 11/12/2020 01:20 PM
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