Outstanding checks, $1,040 • Deposits in transit, $690. • Bank service charges, $135 • The bank had collected an account receivable for Rainey Company, $1,450 . The bank statement included an NSF check written by one of Ramsey's customers for $870. What was the unadjusted book balance at October 31? Multiple Choice O O O O $7,250 $6,455 $7,905 $6,590
Outstanding checks, $1,040 • Deposits in transit, $690. • Bank service charges, $135 • The bank had collected an account receivable for Rainey Company, $1,450 . The bank statement included an NSF check written by one of Ramsey's customers for $870. What was the unadjusted book balance at October 31? Multiple Choice O O O O $7,250 $6,455 $7,905 $6,590
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 5E
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Question
![Rainey Company's true cash balance at October 31 is $6,900. The following information is available for the bank reconciliation:
• Outstanding checks, $1,040
• Deposits in transit, $690
Bank service charges, $135
• The bank had collected an account receivable for Rainey Company, $1,450
• The bank statement included an NSF check written by one of Ramsey's customers for $870.
What was the unadjusted book balance at October 31?
Multiple Choice
O
O
O
$7,250
$6,455
$7,905
$6,590](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff992123b-8043-4cda-baec-1be663f3d312%2F31e75bdd-ba29-4fb3-8a82-52acf39ee822%2Fr5icd2q_processed.png&w=3840&q=75)
Transcribed Image Text:Rainey Company's true cash balance at October 31 is $6,900. The following information is available for the bank reconciliation:
• Outstanding checks, $1,040
• Deposits in transit, $690
Bank service charges, $135
• The bank had collected an account receivable for Rainey Company, $1,450
• The bank statement included an NSF check written by one of Ramsey's customers for $870.
What was the unadjusted book balance at October 31?
Multiple Choice
O
O
O
$7,250
$6,455
$7,905
$6,590
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