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Before reconciling to its bank statement, Gold Corporation's general ledger had a month-end balance in the cash account of $4,650. Reconciliation of the bank statement
Before reconciling to its bank statement, Gold Corporation's general ledger had a month-end balance in the cash account of $4,650. Reconciliation of the bank statement for the month revealed the following items: Ending balance on bank statement $4,020 Deposits in transit. 800 Outstanding checks 450 NSF check from a customer.. 250 Bank service charge... 30 Given the above information, what adjusted cash balance should Gold report at month-end?
$3,500 | ||
$3,820 | ||
$4,370 | ||
$5,510 |
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