Calculate the correct balance of cash at the end of March.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 1PB
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Brangelina Adoption Agency's general ledger shows a cash balance of $11,663. The balance of cash in the March-
end bank statement is $7,345. A review of the bank statement reveals the following additional information: deposits
outstanding of $2,803, bank service fees of $85, and unrecorded electronic funds transfer for utilities of $1,430.
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7ee4e936-753c-4674-917b-b348d47cf132%2Fcdc70cf9-8653-4a47-b2e3-4dd97552b170%2Fjhdyqor_processed.jpeg&w=3840&q=75)
Transcribed Image Text:5
Brangelina Adoption Agency's general ledger shows a cash balance of $11,663. The balance of cash in the March-
end bank statement is $7,345. A review of the bank statement reveals the following additional information: deposits
outstanding of $2,803, bank service fees of $85, and unrecorded electronic funds transfer for utilities of $1,430.
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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