(Determine Proper Cash Balance)FrancisEquipment Co. closes its books regularly o

(Determine Proper Cash Balance)FrancisEquipment Co. closes its books regularly on December 31 but at theend of 2010 it held its cash book open so that a more favorablebalance sheet could be prepared for credit purposes. Cash receiptsand disbursements for the first 10 days of January were recorded asDecember transactions. The information is given on the nextpage.