Balance per bank statement, Dec 31, 2020 38,830 Collections recorded but not yet deposited in the bank 4,353 NSF check- not recorded on books 1,820 Bank charges not yet recorded 35 Note collected by bank and not yet recorded in the books 1,790 Outstanding checks 2,200 The cash balance per books of ABC Company on Dec 31, 2020 is:

Balance per bank statement, Dec 31, 2020 38,830 Collections recorded but not yet deposited in the bank 4,353 NSF check- not recorded on books 1,820 Bank charges not yet recorded 35 Note collected by bank and not yet recorded in the books 1,790 Outstanding checks 2,200 The cash balance per books of ABC Company on Dec 31, 2020 is:

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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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

ABC Company showed its cash in bank below: *

A.40,983

B.41,048

C.39,048

D.36,048

Balance per bank statement, Dec 31, 2020
38,830
Collections recorded but not yet deposited in the bank
4,353
NSF check- not recorded on books
1,820
Bank charges not yet recorded
Note collected by bank and not yet recorded in the books
35
1,790
Outstanding checks
2,200
The cash balance per books of ABC Company on Dec 31, 2020 is:

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