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%2Fd46f9af7-8194-4253-ab46-9c83e75a154d%2Fee9abaa9-b52f-42a4-9af7-78db51657e1e%2Fd8z040c_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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