The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30. The following items were identified: Bellows book balance- $28,750 Outstanding Checks- 900 Interest earned on checking account- 84 Customers NSF check returned by the bank- 405 In addition, Bellows made an error in recording a customer's check; the amount was recorded in cash receipts as $370; the bank recorded the amount correctly as $730. What amount will Bellows report as its adjusted cash balance at April 30, 2019?
The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30. The following items were identified: Bellows book balance- $28,750 Outstanding Checks- 900 Interest earned on checking account- 84 Customers NSF check returned by the bank- 405 In addition, Bellows made an error in recording a customer's check; the amount was recorded in cash receipts as $370; the bank recorded the amount correctly as $730. What amount will Bellows report as its adjusted cash balance at April 30, 2019?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30. The following items were identified:
Bellows book balance- $28,750
Outstanding Checks- 900
Interest earned on checking account- 84
Customers NSF check returned by the bank- 405
In addition, Bellows made an error in recording a customer's check; the amount was recorded in cash receipts as $370; the bank recorded the amount correctly as $730.
What amount will Bellows report as its adjusted cash balance at April 30, 2019?
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