Using the information from question 1, what is the reconciled balance on Hapleys November 30 bank reconciliation?

Question:

Using the information from question 1, what is the reconciled balance on Hapley’s November 30 bank reconciliation?


Data from Question 1

The following information is available for Hapley Co.

• November 30 bank statement shows a $1,895 balance.

• General ledger shows a $1,742 balance at November 30.

• A $795 deposit in the bank’s night depository on November 30
does not appear on the November 30 bank statement.

• Outstanding checks amount to $638 at November 30.

• A customer’s $320 note was collected by the bank and
deposited in Hapley’s account in November.

• A bank service charge of $10 is deducted by the bank and
appears on the November 30 bank statement.
How will the customer’s note appear on Hapley’s November
30 bank reconciliation?

a. $2,052

b. $1,895

c. $1,742

d. $2,201

e. $1,184

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