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A company's own cash records show a balance of $3,200. After examining the bank statement, the following information is revealed Bank's balance for cash Deposits
A company's own cash records show a balance of $3,200. After examining the bank statement, the following information is revealed Bank's balance for cash Deposits outstanding NSF check Checks outstanding Note collected by the bank Service fee charged by the bank $4,000 $2,300 $ 600 $1,800 $2,000 $ 100 After reconciliation, the correct balance of cash is: Multiple Choice $3,700. $3,400. $4,500. $4,800
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