rangelina Adoption Agency's general ledger shows a cash balance of $4,586. The balance of cash in the March-end bank statement is $7,331. A review of the bank statement reveals the following information: checks outstanding of $2,796, bank service fees of $78, and interest earned of $27.   Calculate the correct balance of cash at the end of March. (Amounts to be deducted should be indicated with a minus sign.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Brangelina Adoption Agency's general ledger shows a cash balance of $4,586. The balance of cash in the March-end bank statement is $7,331. A review of the bank statement reveals the following information: checks outstanding of $2,796, bank service fees of $78, and interest earned of $27.
 

Calculate the correct balance of cash at the end of March. (Amounts to be deducted should be indicated with a minus sign.)
  

 

 

 

Brangelina Adoption Agency's general ledger shows a cash balance of $4,586. The balance of cash in the
March-end bank statement is $7,331. A review of the bank statement reveals the following information:
checks outstanding of $2,796, bank service fees of $78, and interest earned of $27.
Calculate the correct balance of cash at the end of March. (Amounts to be deducted should be indicated
with a minus sign.)
Bank balance
Company balance
Checks outstanding
Service fees
Interest earned
Cash balance per reconciliation
Cash balance per reconciliation
Transcribed Image Text:Brangelina Adoption Agency's general ledger shows a cash balance of $4,586. The balance of cash in the March-end bank statement is $7,331. A review of the bank statement reveals the following information: checks outstanding of $2,796, bank service fees of $78, and interest earned of $27. Calculate the correct balance of cash at the end of March. (Amounts to be deducted should be indicated with a minus sign.) Bank balance Company balance Checks outstanding Service fees Interest earned Cash balance per reconciliation Cash balance per reconciliation
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