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Before reconciling its bank statement, Lauren Cosmetics Corporation's general ledger had a month-end balance in the cash account of $6,250. The bank reconciliation for the
Before reconciling its bank statement, Lauren Cosmetics Corporation's general ledger had a month-end balance in the cash account of $6,250. The bank reconciliation for the month contained the following items: Deposits in transit $790 Outstanding checks 525 Interest earned 20 NSF check returned to bank 140 Bank service charge 30 Given the above information, what up-to-date ending cash balance should Lauren report at month-end? $5,460. $6,570. $6,100. $5,780.
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