Clayborn Company deposit all cash receipts on the day they are…Clayborn Company deposit all cash receipts on the day they are received and makes all cash payments by check. At the close of business on May 31, it’s cash account shows a debit balance of $22,025. Clayborn’s May bank statement shows ,800 on deposit in the bank. Determine the adjusted cash balance using the following information.Accounting Business Financial Accounting BUISNESS ACC291T

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