Answered: Paws Construction Company gathered the…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 7EA: Using the following information, prepare a bank reconciliation. Bank balance: $3,678 Book balance:...

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4 Paws Construction Company gathered the following reconciling information
in preparing its April bank reconciliation:
Cash balance per books, 4/30 $17,600
Deposits in transit 2,400
Notes receivable and interest collected by bank 5,920
Bank charge for check printing 200
Outstanding checks 12,000
NSF check 1,120
The adjusted cash balance per books on April 30 is
a. $24,600
b. $23,520
c. $22,200
d. $24,440

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