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Acme, Inc.'s books show an ending cash balance of $13,000 before preparing the bank reconciliation. Given the bank reconciliation shows outstanding checks of $3,600, deposits
Acme, Inc.'s books show an ending cash balance of $13,000 before preparing the bank reconciliation. Given the bank reconciliation shows outstanding checks of $3,600, deposits in transit of $2,600, NSF check of $160, and interest earned on the bank account of $70, the company's up-to-date ending cash balance equals:
$11,910.
$12,910.
$13,230.
$9,310.
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