Brangelina Adoption Agencys general ledger shows a cash balance of $4,593. The balance of cash in the

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Brangelina Adoption Agency’s general ledger shows a cash balance of $4,593. The balance of cash in the March-end bank statement is $7,345. A review of the bank statement reveals the following information: checks outstanding of $2,803, bank service fees of $85, and interest earned of $34. Calculate the correct balance of cash at the end of March.

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Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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