1. Cash balance according to the company's records at August 31, $17,100. 2. Cash balance according to the bank statement at August 31, $18,090. 3. Checks outstanding, $3,470. 4. Deposit in transit, not recorded by bank, $2,790. 5. A check for $480 in payment of an account was erroneously recorded in the check register as $840. 6. Bank debit memo for service charges, $50.

1. Cash balance according to the company's records at August 31, $17,100. 2. Cash balance according to the bank statement at August 31, $18,090. 3. Checks outstanding, $3,470. 4. Deposit in transit, not recorded by bank, $2,790. 5. A check for $480 in payment of an account was erroneously recorded in the check register as $840. 6. Bank debit memo for service charges, $50.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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