BANK RECONCILIATION The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30, 2009.
Question:
BANK RECONCILIATION The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30, 2009. The following items were identified:
Bellows’ book balance $46,200 Outstanding checks 1,100 Interest earned on checking account 50 Customer’s NSF check returned by the bank 500 In addition, Bellows made an error in recording a customer’s check; the amount was recorded in cash receipts as $150; the bank recorded the amount correctly as $510.
Required:
What amount will Bellows report as its adjusted cash balance at April 30, 2009?
Cornerstone Exercise
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Cornerstones Of Financial Accounting Current Trends Update
ISBN: 9781111527952
1st Edition
Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen
Question Posted: