Question
4 The following information was available to the accountant of Scarlet Company when preparing the monthly bank reconciliation: Cash balance per bank statement $ 982
4
The following information was available to the accountant of Scarlet Company when preparing the monthly bank reconciliation:
| Cash balance per bank statement | $ 982 |
|---|---|
| Cash balance per books (prior to reconciliation) | 670 |
| Outstanding check #643 | 512 |
| Outstanding check #651 | 44 |
| Bank service charges | 26 |
| Customer check returned by bank as NSF | 25 |
| Deposits in transit | 200 |
| Interest received from bank | 7 |
After the completion of the reconciliation and adjustments to the accounting records, what amount of cash should appear on the balance sheet?
Multiple Choice
-
$651
-
$670
-
$626
-
$301
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
