Question

D Question 26 2 pts The Consulting Company had the following information related to its bank reconciliation at March 31 2020 1. Balance per books as of March 31, 2020: 2 Balance per bank as of March 31, 2020: 3. Deposits in transit at March 31, 2020: 4. Debit memo for the Consulting Company renting a lockbox at the bank This was shown on the bank statement; however, it had not been recorded in the Consulting Company's general ledger as of March 31, 2020 $18,018 $17,758 $ 2,920 $ 125 5. A charge was shown on the bank statement for an NSF check. The check had been issued by a customer to the Consulting Company for payment on account The Consulting Company was unaware of the NSF check until it received the bank statement $ 760 $ 4,913 6. Outstanding checks 7. The Consulting Company received a check from a customer for the payment on account in the amount of $1,815 (correct amount). The Consulting Company Incorrectly journalized and posted the check as $1,185 in its general ledger. The bank recorded the deposit correctly as $1,815. What amount should the Consulting Company show on its March 31, 2020 balance sheet as Cash?! Question MacBook Pro

Answer 1

1.Consulting company's BRS
Cash Balance according to statement		17756
Add: Deposit in transit	2920
Less:- Outstanding Checks	-4913
Adjusted Balance		15763
Cash Balance according to company's record		16018
Add:- error ( 1815 - 1185 )		630
Less:-
Bank Service charges	125
NSF	760	885
Adjusted Balance		15763	Answer
Answer 27 - option C is correct i.e freight out