109. If the month - end bank statement shows a balance of $ 58,000, outstanding checks are $ 15,000, a deposit of $7,000 was in transit at month end, and a check for $600 was erroneously charged by the bank against the account, the correct balance in the bank account at month end isSelect one:a. $65,400.b. $ 50,600.c. $49,400. d. $50,000.
109. If the month - end bank statement shows a balance of $ 58,000, outstanding checks are $ 15,000, a deposit of $7,000 was in transit at month end, and a check for $600 was erroneously charged by the bank against the account, the correct balance in the bank account at month end isSelect one:a. $65,400.b. $ 50,600.c. $49,400. d. $50,000.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 3MC
Related questions
Question
Correct and incorrect option explain and summary
![109. If the month - end bank
statement shows a balance of $
58,000, outstanding checks are $
15,000, a deposit of $7,000 was in
transit at month end, and a check for
$600 was erroneously charged by the
bank against the account, the correct
balance in the bank account at month
end isSelect one:a. $65,400.b. $
50,600.c. $49,400. d. $50,000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcd2d1959-46ea-4e22-9d0f-1ad88e6676e4%2Ff044efe9-e8fd-4b97-bb43-7ec190061768%2F0k9ds26_processed.png&w=3840&q=75)
Transcribed Image Text:109. If the month - end bank
statement shows a balance of $
58,000, outstanding checks are $
15,000, a deposit of $7,000 was in
transit at month end, and a check for
$600 was erroneously charged by the
bank against the account, the correct
balance in the bank account at month
end isSelect one:a. $65,400.b. $
50,600.c. $49,400. d. $50,000.
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