Respuesta :
Cash balance showed in the balance sheet would be $55000
Therefore, trial balance as of December 31, 2021:
Peterson Savings and Loan = $ 50,000
Right Bank = (5,000)
Clinton County Trust Bank = 10,000
The Cash Balance will therefore be as The Cash Balance will therefore be as follows: Peterson Savings and Loan + Trust Bank - Right Bank
= $50,000 + $10,000 - $5,000 = $55,000
It would have a cash balance of $55,000.
What is a balance sheet?
A balance sheet is a financial statement that lists the assets and liabilities of a corporation at a certain point in time. It is one of the three primary financial statements—the other two being the income statement and cash flow statement—that are used to assess a company's performance.
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