Question
Alexander Corp received its bank statement dated March 31 showing a balance of $1,652. The following discrepancies between the bank statement and its cash book
Alexander Corp received its bank statement dated March 31 showing a balance of $1,652. The following discrepancies between the bank statement and its cash book were noted: A deposit of $135 made on March 31 was credited by the bank on April 1. Checks outstanding as of March 31 were: #135, $609.70; #137, $25.00; #141, $33.00; #146, $52.00. Interest for the month credited by the bank to its account amounted to $5.20, but no entry had been made in the Cash Book. The bank's debit for a new printed checkbook amounting to $4.00 was not entered in the Cash Book. Check #143 for $78.50 issued March 12 was recorded in the Cash Book as $87.50. The Cash book showed total receipts of $718.60 and total disbursements of $475.30 for the month of March. Use the information above to answer the question which follows. What should be the true available Cash Book Balance on March 31?
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