Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8. Migraine, Incorporated's monthly bank statement showed the ending balance of cash of $18,800. The bank reconciliation for the period showed an adjustment for a

image text in transcribed

8. Migraine, Incorporated's monthly bank statement showed the ending balance of cash of $18,800. The bank reconciliation for the period showed an adjustment for a deposit in transit of $1,650, outstanding checks of $2,300, an NSF check of $1,000, bank service charges of $45 and the EFT from a customer in payment of the customer's account of $1,800. What is the up-to-date ending Cash balance? a. $18,150 b. $17,395 c. $19,450 d. $20,905

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Evaluation Of An Internal Audit Department The Case Of SOTELMA

Authors: Oumar Bah

1st Edition

6204486039, 978-6204486031

More Books

Students also viewed these Accounting questions

Question

25.0 m C B A 52.0 m 65.0 m

Answered: 1 week ago