5Brangelina 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: depositsoutstanding 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 aminus sign.)Bank balanceDeposits outstandingCash balance per reconciliationCompany balanceService feesEFT for utilitiesCash balance per reconciliation

The bank reconciliation statement is prepared by the company to compare their cash book balance with…

Answered: Calculate the correct balance of cash…

Business

Accounting

Calculate the correct balance of cash at the end of March.

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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