2. On June 4, Marie Company had cash sales rung up by cashiers totaling $119,000Cash in the drawer was counted and found to be $123,000The journal entry to record the sales for June 4, would include a 3. Egrane, Incorporated's monthly bank statement showed the ending balance of cash of $ 19,700The bank reconciliation for the period showed an adjustment for a deposit in transit of $2,100outstanding checks of $3,200, an NSF check of $1,900, bank service charges of $90 and the EFT from customer in payment of the customer's account of \ $2.700. What is the up-to-date ending Cash balance?

2. On June 4, Marie Company had cash sales rung up by cashiers totaling $119,000Cash in the drawer was counted and found to be $123,000The journal entry to record the sales for June 4, would include a 3. Egrane, Incorporated's monthly bank statement showed the ending balance of cash of $ 19,700The bank reconciliation for the period showed an adjustment for a deposit in transit of $2,100outstanding checks of $3,200, an NSF check of $1,900, bank service charges of $90 and the EFT from customer in payment of the customer's account of \ $2.700. What is the up-to-date ending Cash balance?

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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Before reconciling its bank statement, Rollin Corporation's general ledger had a month-end balance in the cash account of $5.750. The bank reconciliation for the month contained the following items: Deposits in transit Outstanding checks Interest earned NSF check returned to bank Bank service charge Given the above information, what is the up-to-date ending cash balance Rollin should report at month-end? Multiple Choice $4,980. O $5,300. $ 770 495 20 120 20 $5,630.
Egrane, Incorporated's monthly bank statement showed the ending balance of cash of $20,400. The bank reconciliation for the period showed an adjustment for a deposit in transit of $2,450, outstanding checks of $3,900, an NSF check of $2,600, bank service charges of $125 and the EFT from a customer in payment of the customer's account of $3,400. What was the cash balance on the Egrane's books (before the adjustments for items on the bank reconciliation)?
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