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6. A corporation is reconciling its checking account for the month of July, 20x5. As of July 31, 20x5, the general ledger cash account reports
6. A corporation is reconciling its checking account for the month of July, 20x5. As of July 31, 20x5, the general ledger cash account reports a balance of $2,240. Assume that the bank statement reports interest income of $10 and a bank service charge of $20, neither of which have been recorded in the corporation's general ledger. Assume also that the corporation has a deposit in transit of $500 and outstanding checks of $670. What is the July 31, 20x5 pre-reconciliation balance per the bank statement? A. $2,230 B. 2,220 C. 2,400 D. 2,240 E. None of the above
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