Homework Answers
9.
The total amount that is used to reconcile the bank balance = Deposit in transit - Outstanding checks
= 25,000-52,000
= -$27,000
10. The total amount that is used to reconcile the company cash balance = Interest earned + Customer payment collected by bank - NSF check - Service fee
= 20+30,000-1,000-25
= $28,995
11. Cash account after the reconciliation = Cash balance as per general ledger + The total amount that is used to reconcile the company cash balance
= 100,000+28,995
= $128,995
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