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Brief Exerc Brangelina Ac bank stateme outstanding c Calculate the sign.) Bank balance Deposits outs b bola

Brief Exerc Brangelina Ac bank stateme outstanding c Calculate the sign.) Bank balance Deposits outs b bola

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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ces Brief Exercise 4-12 (Algo) Prepare a bank reconciliation (LO4-5) Brangelina Adoption Agency's general ledger shows a cash balance of $11,727. The balance of cash in the March-end bank statement is $7,351. A review of the bank statement reveals the following additional information: deposits outstanding of $2,809, bank service fees of $80, and unrecorded electronic funds transfer for utilities of $1,487. Calculate the correct balance of cash at the end of March. (Amounts to be deducted should be indicated with a minus sign.) Bank balance Deposits outstanding Cash balance per reconciliation Company balance Service fees EFT for utilities Cash balance per reconciliation
Transcribed Image Text:ces Brief Exercise 4-12 (Algo) Prepare a bank reconciliation (LO4-5) Brangelina Adoption Agency's general ledger shows a cash balance of $11,727. The balance of cash in the March-end bank statement is $7,351. A review of the bank statement reveals the following additional information: deposits outstanding of $2,809, bank service fees of $80, and unrecorded electronic funds transfer for utilities of $1,487. Calculate the correct balance of cash at the end of March. (Amounts to be deducted should be indicated with a minus sign.) Bank balance Deposits outstanding Cash balance per reconciliation Company balance Service fees EFT for utilities Cash balance per reconciliation
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