Question
Alvin Electronics is in the process of reconciling its bank account for the month of November. The following information is available: Balance per bank statement
Alvin Electronics is in the process of reconciling its bank account for the month of November. The following information is available:
| Balance per bank statement | $ | 8,325 |
| Outstanding checks | 2,400 | |
| Deposits outstanding | 1,215 | |
| Bank service charges for November | 35 | |
| Check written by Alvin for $300 but recorded incorrectly by Alvin as a $30 disbursement. | ||
What should be the corrected cash balance at the end of November?
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Auditing A Practical Approach With Data Analytics
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
2nd Edition
1119786045, 978-1119785996
