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6.2 The cash book shows a bank balance of $5,675 overdrawn at 3 discovered that a standing order for $125 has been entered twic $450 has been debited in the cash book instead of credited. What is the correct bank balance?

6.2 The cash book shows a bank balance of $5,675 overdrawn at 3 discovered that a standing order for $125 has been entered twic $450 has been debited in the cash book instead of credited. What is the correct bank balance?

FINANCIAL ACCOUNTING
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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6.2 The cash book shows a bank balance of $5.675 overdrawn at 31 August 20X5. It is subsequently discovered that a standing order for $125 has been entered twice, and that a dishonoured cheque for $450 has been debited in the cash book instead of credited. What is the correct bank balance?
Transcribed Image Text:6.2 The cash book shows a bank balance of $5.675 overdrawn at 31 August 20X5. It is subsequently discovered that a standing order for $125 has been entered twice, and that a dishonoured cheque for $450 has been debited in the cash book instead of credited. What is the correct bank balance?
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