The following information pertains to Rose Company at Dec. 31, 2018: Bank statement balance                                                               1,000,000 Checkbook balance                                                         1,400,000 Deposit in transit                                                                500,000 Outstanding checks                                                          100,000 In Rose’s Dec. 31, 2018 balance sheet, cash should be reported at?

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A: 1. Bank reconciliation statement on May 31, 2021 is as follows:

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.