The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31 $20,010. 2. Cash balance according to the bank statement at July 31, $21,110. 3. Checks outstanding, $4,060. 4. Deposit in transit, not recorded by bank, $3,260. 5. A check for $480 in payment of an account was erroneously recorded in the check register as $840.
The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31 $20,010. 2. Cash balance according to the bank statement at July 31, $21,110. 3. Checks outstanding, $4,060. 4. Deposit in transit, not recorded by bank, $3,260. 5. A check for $480 in payment of an account was erroneously recorded in the check register as $840.
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter8: Sarbanes-oxley, Internal Control, And Cash
Section: Chapter Questions
Problem 18E
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![B85?
The following data were accumulated for use in reconciling the bank account of Mathers Co. for July:
1. Cash balance according to the company's records at July 31 $20,010.
2. Cash balance according to the bank statement at July 31, $21,110.
3. Checks outstanding, $4,060.
4. Deposit in transit, not recorded by bank, $3,260.
5. A check for $480 in payment of an account was erroneously recorded in the check register as $840.
6. Bank debit memo for service charges, $60.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F840e8327-695d-4b59-9562-5556b2c90e24%2Fffb8a4f1-7138-40a1-b822-62c7b078f97b%2Fex99zcn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:B85?
The following data were accumulated for use in reconciling the bank account of Mathers Co. for July:
1. Cash balance according to the company's records at July 31 $20,010.
2. Cash balance according to the bank statement at July 31, $21,110.
3. Checks outstanding, $4,060.
4. Deposit in transit, not recorded by bank, $3,260.
5. A check for $480 in payment of an account was erroneously recorded in the check register as $840.
6. Bank debit memo for service charges, $60.
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