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Brangelina Adoption Agencys 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
Brangelina Adoption Agencys 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.)
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