The following items relate to the company’s March bank reconciliation: Bank statement balance $29,600 Unadjusted cash...
The following items relate to the company’s March bank reconciliation:
| Bank statement balance |
$29,600 |
| Unadjusted cash balance according to company records |
? |
| Deposit in transit |
2,200 |
| Outstanding checks |
3,100 |
| Bank service charges |
200 |
| Interest earned on the bank account |
100 |
| Customer's NSF check returned by the bank |
300 |
Refer to Delco Construction. What is the company's unadjusted cash
balance in its accounting records at March 31st before the
reconciliation was completed?
|
$28,700 |
||
|
$29,100 |
||
|
$28,300 |
||
|
$29,600 |
Homework Answers
Unadjusted cash balance :
| Bank statement balance | 29600 |
| Deposit in transit | 2200 |
| Outstanding checks | -3100 |
| Bank service charge | 200 |
| Interest earned | -100 |
| NSF Check | 300 |
| Unadjusted cash balance | 29100 |
So answer is b) $29100
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