The accountant for Beaume Corp. was preparing a bank reconciliation as of April 30. The following items were identified:Beaume's book balance$43,145Outstanding cheques900Interest earned on chequing account63Customer's NSF cheque returned by the bank375In 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?

Bank reconciliation: Bank reconciliation is a statement which is prepared to reconcile the cash…

Answered: The accountant for Beaume Corp. was…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The accountant for Beaume Corp. was preparing a bank reconciliation as of April 30. The following items were identified:

Beaume's book balance	$43,145
Outstanding cheques	900
Interest earned on chequing account	63
Customer's NSF cheque returned by the bank	375

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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