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4-5 Whale Company's bank statement showed an ending balance of $25,500. Items appearing in the bank reconciliation included: outstanding checks, $2,250; deposits in transit, $4,500;
4-5
Whale Company's bank statement showed an ending balance of $25,500. Items appearing in the bank reconciliation included: outstanding checks, $2,250; deposits in transit, $4,500; bank service charges, $160; and Chetco Company's $800 check erroneously deducted from Whale's bank account by the bank. What is the correct cash balance at the end of the month? Multiple Choice $26,300. $27,750. $28,550. $36,420. Which of the following statements is false when Mama June Pizza Company paid $46,000 cash on accounts owed to suppliers? Multiple Choice Income from operations was not changed by the payment to the suppliers. Accounts payable was debited for $46,000. The cash account was credited for $46,000. Supplies expense was increased by $46,000Step by Step Solution
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