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Brangelina Adoption Agency's general ledger shows a cash balance of $11,663. The balance of cash in the March-end bank statement is $7,345. A review
Brangelina Adoption Agency's general ledger shows a cash balance of $11,663. The balance of cash in the March-end bank statement is $7,345. A review of the bank statement reveals the following additional information: deposits outstanding of $2,803, bank service fees of $85, and unrecorded electronic funds transfer for utilities of $1,430. Calculate the correct balance of cash at the end of March. (Amounts to be deducted should be indicated with a minus sign.) Bank balance Deposits outstanding Cash balance per reconciliation Answer is not complete. $ 7,345 Company balance $ 11,663 (2,803) Service fees (85) C EFT for utilities 1,430 Cash balance per reconciliation
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