Homework Answers
9.
Total amount used to reconcile bank balance = Deposit in transit - Outstanding checks
= 126,000-147,500
= -$21,500
10.
Total cash amount used to reconcile company cash balance = Interest earned + Customer payments collected by bank - NSF check - Service fee
= 32+6,250-119-20
= $6,143
11.
Balance in company's cash account after reconciliation = Cash balance per book + Total cash amount used to reconcile company cash balance
= 220,000+6,143
= $226,143
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