Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / A company’s general ledger shows a cash balance of $4,570 Comparing the company’s cash rec...

A company’s general ledger shows a cash balance of $4,570 Comparing the company’s cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding

A company’s general ledger shows a cash balance of $4,570. Comparing the company’s cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $2,840, bank service fees of $110, and interest earned of $15. Calculate the correct balance of cash.

 

 

133. A company’s general ledger shows a cash balance of $2,380. Comparing the company’s cash records with the monthly bank statement reveals several additional cash transactions such as deposits outstanding of $1,760, note collected by the bank on the company’s behalf of $1,000, and interest earned of $20. The company also finds an error by the bank of an additional deposit of $100. Calculate the correct balance of cash.

 

 

134. A company’s bank statement shows a cash balance of $4,230. Comparing the company’s cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $3,880, deposits outstanding of $1,230, NSF check of $300, and service fee of $50. Calculate the correct balance of cash.

Jan 27 2020 View more View Less

Answer (UnSolved)

question Get Solution

Related Questions