Rainey Company's true cash balance on October 31 is $4,150. The following information is available for the bank reconciliation: 1) Outstanding checks, $660. 2) Deposits in transit, $480. 3) Bank service charges, $95. 4) The bank had collected an account receivable for Rainey Company, $1,050. 5) The bank statement included an NSF check written by one of Ramsey's customers for $630. What was the unadjusted book balance on October 31? a) $4,330 b) $4,875 c) $3,825 d) $3,920
Rainey Company's true cash balance on October 31 is $4,150. The following information is available for the bank reconciliation: 1) Outstanding checks, $660. 2) Deposits in transit, $480. 3) Bank service charges, $95. 4) The bank had collected an account receivable for Rainey Company, $1,050. 5) The bank statement included an NSF check written by one of Ramsey's customers for $630. What was the unadjusted book balance on October 31? a) $4,330 b) $4,875 c) $3,825 d) $3,920
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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![Rainey Company's true cash balance on October 31 is $4,150. The following information is available
for the bank reconciliation:
1) Outstanding checks, $660.
2) Deposits in transit, $480.
3) Bank service charges, $95.
4) The bank had collected an account receivable for Rainey Company, $1,050.
5) The bank statement included an NSF check written by one of Ramsey's customers for $630.
What was the unadjusted book balance on October 31?
a) $4,330
b) $4,875
c) $3,825
d) $3,920](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fddea2599-b439-4726-ba6d-7d6e5826b6b1%2Fc032b371-8ea4-43bd-99f6-51b23cde7b1d%2Fgo23th_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Rainey Company's true cash balance on October 31 is $4,150. The following information is available
for the bank reconciliation:
1) Outstanding checks, $660.
2) Deposits in transit, $480.
3) Bank service charges, $95.
4) The bank had collected an account receivable for Rainey Company, $1,050.
5) The bank statement included an NSF check written by one of Ramsey's customers for $630.
What was the unadjusted book balance on October 31?
a) $4,330
b) $4,875
c) $3,825
d) $3,920
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