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What is the correct cash balance at March

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Problem - The following information is available for the BTS Company on March 31 of the current year: Bank statement balance, March 31 - P146,570 Note collected by bank, including interest of P2,500, not yet taken up on the books - P62,500 NSF check returned with the bank statement - P21,260 Outstanding checks as of March 31 - P68,470 Bank service charges for March - P1,285 Credit memo for interest credited by bank for the month of March - P105 What is the correct cash balance at March 31?

Reference no: EM132934994

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