On March 31, 2021, KC Company received its bank statement. However, the closing balanceof the account was unreadable. Attempts to contact the bank after hours did not secure thedesired information. The following data are available in preparing a bank reconciliation:February 28 book balance - 1,460,000Note collected by bank - 100,000Interest earned on note - 10,000NSF check of customer - 130,000Bank service charge on NSF check - 2,000Other bank service charges - 3,000Outstanding checks - 202,000Deposit of February 28 placed in night depository - 85,000Check issued by CK Company charged to KC's account - 20,000What is the cash balance per bank statement?

A bank reco is finding difference between business's cash…

Answered: f the account was unreadable. Attempts…

f the account was unreadable. Attempts to contact the bank after hours did not secure the esired information. The following data are available in preparing a bank reconciliation:

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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Question

On March 31, 2021, KC Company received its bank statement. However, the closing balance
of the account was unreadable. Attempts to contact the bank after hours did not secure the
desired information. The following data are available in preparing a bank reconciliation:
February 28 book balance - 1,460,000
Note collected by bank - 100,000
Interest earned on note - 10,000
NSF check of customer - 130,000
Bank service charge on NSF check - 2,000
Other bank service charges - 3,000
Outstanding checks - 202,000
Deposit of February 28 placed in night depository - 85,000
Check issued by CK Company charged to KC's account - 20,000
What is the cash balance per bank statement?

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