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Problem 1: The Roscoe Company's March 31, 2016 bank statement balance was $77,500. As of March 31, 2016, outstanding checks total $25,000 and deposits in transit total $16,500. What was the March 31, 2016 cash balance on Roscoe's books?
Option 1: $86,000.
Option 2: $119,000.
Option 3: $77,500.
Option 4: $69,000.
If a firm made the following adjusting entry on December 31, 2019: What "reversing entry" would the firm prepare on January 1, 2020
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leigh of new york sells its products to customers in the united states and the united kingdom. on december 16 2009
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