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Question - The books of ABC Corp disclosed a cash balance of P687,000 at Dec 31. Additional information showed the following:
a. An NSF check for Dec was for P4,000.
b. Bank credit memo for Dec was P3,500.
c. Deposit in transit, P5,000.
d. Outstanding checks, P3,400
e. Undeposited collections P10,000.
Required - How much is the correct cash balance at Dec 31?
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