Banking. Grantville Inc. received the April Bank Statement from Looneyville Bank, which showed an opening balance of $30,725.00, a service charge of $11.25, and a NSF for $16.80. The accountant of the corporation noticed that there are five deposits in transit resulting a total of $6,108.80, and two outstanding cheques resulting a total of $3,721.85. Complete the reconciliation process and determine the final balance if Grantville Inc. has $33,111.95 on the book. O a. $30,696.95 O b. $35,498.90 O c. $28,338.05 O d. $33,083.90

Banking. Grantville Inc. received the April Bank Statement from Looneyville Bank, which showed an opening balance of $30,725.00, a service charge of $11.25, and a NSF for $16.80. The accountant of the corporation noticed that there are five deposits in transit resulting a total of $6,108.80, and two outstanding cheques resulting a total of $3,721.85. Complete the reconciliation process and determine the final balance if Grantville Inc. has $33,111.95 on the book. O a. $30,696.95 O b. $35,498.90 O c. $28,338.05 O d. $33,083.90

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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