In preparing its August 31, 2021 bank reconciliation, Sandhill Corp. has available the following information: Balance per bank statement, 8/31/21 $24800 Deposit in transit, 8/31/21 $5080 Return of customer's check for insufficient funds, 8/30/21 $640 Outstanding checks, 8/31/21 $3300 Bank service charges for August $100 At August 31, 2021, Sandhill's correct cash balance is O $25940. O $26580. O $25840. O $23020.

In preparing its August 31, 2021 bank reconciliation, Sandhill Corp. has available the following information: Balance per bank statement, 8/31/21 $24800 Deposit in transit, 8/31/21 $5080 Return of customer's check for insufficient funds, 8/30/21 $640 Outstanding checks, 8/31/21 $3300 Bank service charges for August $100 At August 31, 2021, Sandhill's correct cash balance is O $25940. O $26580. O $25840. O $23020.

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter8: Internal Control And Cash

Section: Chapter Questions

Problem 21E

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