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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 The entry to update the company's cash balance after the bank reconciliation is prepared would include a: $ 4,000 $ 2,300 $ 600 $ 1,800 $ 2,000 $ 100
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