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
Step by Step Answer: