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A company's bank reconciliation shows the following information: • • Cash per bank statement: $2,350 Cash per company records: $2,180 Interest earned: $45 Bank service charges: $30 Deposits in transit: $150 Outstanding checks: $365 NSF check returned: $120 The correct cash balance is: a. $2,135 b. $2,210 c. $2,300 d. $2,075 e. None of these

A company's bank reconciliation shows the following information: • • Cash per bank statement: $2,350 Cash per company records: $2,180 Interest earned: $45 Bank service charges: $30 Deposits in transit: $150 Outstanding checks: $365 NSF check returned: $120 The correct cash balance is: a. $2,135 b. $2,210 c. $2,300 d. $2,075 e. None of these

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 7EA: Using the following information, prepare a bank reconciliation. Bank balance: $3,678 Book balance:...
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A company's bank reconciliation shows the following information: • • Cash per bank statement: $2,350 Cash per company records: $2,180 Interest earned: $45 Bank service charges: $30 Deposits in transit: $150 Outstanding checks: $365 NSF check returned: $120 The correct cash balance is: a. $2,135 b. $2,210 c. $2,300 d. $2,075 e. None of these
Transcribed Image Text:A company's bank reconciliation shows the following information: • • Cash per bank statement: $2,350 Cash per company records: $2,180 Interest earned: $45 Bank service charges: $30 Deposits in transit: $150 Outstanding checks: $365 NSF check returned: $120 The correct cash balance is: a. $2,135 b. $2,210 c. $2,300 d. $2,075 e. None of these
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