In preparing its May 31, 2025 bank reconciliation, Sage Hill Co. has the following information available: Balance per bank statement, 5/31/25 Deposit in transit, 5/31/25 Outstanding checks, 5/31/25 Note collected by bank in May The correct balance of cash at May 31, 2025 is $47810. O $46450. $45090. O $52450 $46000 6450 6000 1360
In preparing its May 31, 2025 bank reconciliation, Sage Hill Co. has the following information available: Balance per bank statement, 5/31/25 Deposit in transit, 5/31/25 Outstanding checks, 5/31/25 Note collected by bank in May The correct balance of cash at May 31, 2025 is $47810. O $46450. $45090. O $52450 $46000 6450 6000 1360
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 11MC
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Question
vaibhav
subject-Accounting
![In preparing its May 31, 2025 bank reconciliation, Sage Hill Co. has the following information available:
Balance per bank statement, 5/31/25
Deposit in transit, 5/31/25
Outstanding checks, 5/31/25
Note collected by bank in May
The correct balance of cash at May 31, 2025 is
$47810.
O $46450.
$45090.
O $52450
$46000
6450
6000
1360](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc7fe5a73-45e4-4166-8ba1-50e355550dfc%2F9442d817-add7-476c-9c5c-83e81aab044f%2F8k78ici_processed.png&w=3840&q=75)
Transcribed Image Text:In preparing its May 31, 2025 bank reconciliation, Sage Hill Co. has the following information available:
Balance per bank statement, 5/31/25
Deposit in transit, 5/31/25
Outstanding checks, 5/31/25
Note collected by bank in May
The correct balance of cash at May 31, 2025 is
$47810.
O $46450.
$45090.
O $52450
$46000
6450
6000
1360
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