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    Financial and Managerial Accounting
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    Exam 7: Internal Control and Cash
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    In Preparing Its Bank Reconciliation at March 31, Valley Company
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In Preparing Its Bank Reconciliation at March 31, Valley Company

Question 22

Question 22

Multiple Choice

In preparing its bank reconciliation at March 31, Valley Company has the following information:
In preparing its bank reconciliation at March 31, Valley Company has the following information:   What is the proper cash balance at March 31 for balance sheet purposes? A)  $107,250 B)  $110,250 C)  $110,400 D)  $111,150
What is the proper cash balance at March 31 for balance sheet purposes?


A) $107,250
B) $110,250
C) $110,400
D) $111,150

Correct Answer:

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