The cash account shows a balance of $45,000 before reconciliation. The bank statement does not include a deposit of $2,300 made on the last day of the month. The bank statement shows a collection by the bank of $940 and a customer's check for $320 was returned because it was NSF. A customer's check for $450 was recorded on the books as $540, and a check written for $79 was recorded as $97. The correct balance in the cash account was: a. $45,512 b. $45,548 c. $45,728 d. $45,848
The cash account shows a balance of $45,000 before reconciliation. The bank statement does not include a deposit of $2,300 made on the last day of the month. The bank statement shows a collection by the bank of $940 and a customer's check for $320 was returned because it was NSF. A customer's check for $450 was recorded on the books as $540, and a check written for $79 was recorded as $97. The correct balance in the cash account was: a. $45,512 b. $45,548 c. $45,728 d. $45,848
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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![The cash account shows a balance of $45,000 before reconciliation.
The bank statement does not include a deposit of $2,300 made on the
last day of the month. The bank statement shows a collection by the
bank of $940 and a customer's check for $320 was returned because it
was NSF. A customer's check for $450 was recorded on the books as
$540, and a check written for $79 was recorded as $97. The correct
balance in the cash account was:
a. $45,512
b. $45,548
c. $45,728
d. $45,848](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faf96a0fa-386c-4acf-910b-076f7c95ced8%2F14fb6851-3047-499f-af50-f45f5aa17ba2%2Fw2yemc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The cash account shows a balance of $45,000 before reconciliation.
The bank statement does not include a deposit of $2,300 made on the
last day of the month. The bank statement shows a collection by the
bank of $940 and a customer's check for $320 was returned because it
was NSF. A customer's check for $450 was recorded on the books as
$540, and a check written for $79 was recorded as $97. The correct
balance in the cash account was:
a. $45,512
b. $45,548
c. $45,728
d. $45,848
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