The following information was available to the accountant of Boots Company when preparing the monthly bank reconciliation: Outstanding cheques: #643 for $502 #651 for $43 Bank service charges $25 Deposits in transit $190 Interest received from bank $5 Customer cheque returned by bank as NSF $20 Cash balance per bank statement $975 Cash balance per books (prior to $660 reconciliation) The amount of cash that should appear on the Balance Sheet following completion of the reconciliation and adjustment of the accounting records is: Multiple Choice $660 Drov 38 of 50 Next
The following information was available to the accountant of Boots Company when preparing the monthly bank reconciliation: Outstanding cheques: #643 for $502 #651 for $43 Bank service charges $25 Deposits in transit $190 Interest received from bank $5 Customer cheque returned by bank as NSF $20 Cash balance per bank statement $975 Cash balance per books (prior to $660 reconciliation) The amount of cash that should appear on the Balance Sheet following completion of the reconciliation and adjustment of the accounting records is: Multiple Choice $660 Drov 38 of 50 Next
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter8: Internal Control And Cash
Section: Chapter Questions
Problem 21E
Related questions
Question
![The amount of cash that should appear on the Balance Sheet following completion of the reconciliation and adjustment of the
accounting records is:
Multiple Choice
$660
$640
$620
$305
< Prev
38 of 50
Next >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F424c6220-ba85-4c69-bec7-e170ed7a74f5%2F74388cc2-064c-433e-901e-1fa8bde0d35e%2Fqbvk2f_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The amount of cash that should appear on the Balance Sheet following completion of the reconciliation and adjustment of the
accounting records is:
Multiple Choice
$660
$640
$620
$305
< Prev
38 of 50
Next >
![The following information was available to the accountant of Boots Company when preparing the monthly bank reconciliation:
Outstanding cheques:
#643 for $502
#651 for $43
Bank service charges
$25
Deposits in transit
$190
Interest received from bank
$5
Customer cheque returned by bank as NSF
$20
Cash balance per bank statement
$975
Cash balance per books (prior to
$660
reconciliation)
The amount of cash that should appear on the Balance Sheet following completion of the reconciliation and adjustment of the
accounting records is:
Multiple Choice
$660
<Prev
38 of 50
Next m](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F424c6220-ba85-4c69-bec7-e170ed7a74f5%2F74388cc2-064c-433e-901e-1fa8bde0d35e%2Fm7vf8pq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following information was available to the accountant of Boots Company when preparing the monthly bank reconciliation:
Outstanding cheques:
#643 for $502
#651 for $43
Bank service charges
$25
Deposits in transit
$190
Interest received from bank
$5
Customer cheque returned by bank as NSF
$20
Cash balance per bank statement
$975
Cash balance per books (prior to
$660
reconciliation)
The amount of cash that should appear on the Balance Sheet following completion of the reconciliation and adjustment of the
accounting records is:
Multiple Choice
$660
<Prev
38 of 50
Next m
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