The accountant for Beaume Corp. was preparing a bank reconciliation as of April 30. The following items were identified: Beaume's book balance $28,750 Outstanding cheques 900 Interest earned on chequing account 75 Customer's NSF cheque returned by the bank 380 In addition, Beaume made an error in recording a customer's cheque; the amount was recorded in cash receipts as $370; the bank recorded the amount correctly as $730. Required: What amount will Beaume report as its adjusted cash balance at April 30?
The accountant for Beaume Corp. was preparing a bank reconciliation as of April 30. The following items were identified: Beaume's book balance $28,750 Outstanding cheques 900 Interest earned on chequing account 75 Customer's NSF cheque returned by the bank 380 In addition, Beaume made an error in recording a customer's cheque; the amount was recorded in cash receipts as $370; the bank recorded the amount correctly as $730. Required: What amount will Beaume report as its adjusted cash balance at April 30?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Bank Reconciliation
The accountant for Beaume Corp. was preparing a bank reconciliation as of April 30. The following items were identified:
| Beaume's book balance | $28,750 |
| Outstanding cheques | 900 |
| Interest earned on chequing account | 75 |
| Customer's NSF cheque returned by the bank | 380 |
In addition, Beaume made an error in recording a customer's cheque; the amount was recorded in cash receipts as $370; the bank recorded the amount correctly as $730.
Required:
What amount will Beaume report as its adjusted cash balance at April 30?
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