Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

According to the check register of Pendrack Systems, the cash balance on July 1 was $1,129.40. During the month, deposits of $227.08, $664.10, and $318.10

According to the check register of Pendrack Systems, the cash balance on July 1 was $1,129.40. During the month, deposits of $227.08, $664.10, and $318.10 were made. Checks for $91.92, $304.47, $19.60, $203.07, $285.43, and $79.10 were recorded.

After entering all the items in the check register, the bookkeeper found that the check recorded as $203.07 was actually written as $230.40. What is the correct cash balance? Do not round intermediate computations. Round your final answer to the nearest cent. $

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 Quality Audit A Management Evaluation Tool

Authors: Charles A. Mills

1st Edition

0070424284, 978-0070424289

More Books

Students also viewed these Accounting questions

Question

6. Does your speech have a clear and logical structure?

Answered: 1 week ago