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can anyone explain ? Can The accounting records and bank statement of Sally's Seashell Store provide the following information at the end of April. The
can anyone explain ?
Can
The accounting records and bank statement of Sally's Seashell Store provide the following information at the end of April. The closing 'Cash' account balance was $45000, and the bank statement shows a closing balance of $42000. On reviewing the bank statement it is found an account customer has deposited $20000 into the bank account for a March sale and the monthly insurance premium of $500 was automatically charged to the account. Interest of $2000 was paid by the bank and a bank fee of $300 was charged to the account. A payment of $6500 to a supplier has been recorded twice in the accounts. After the calculation of the "ending reconciled cash balance", what is the balance of the 'cash' account? 72.700 You Answered 59,700 69,700 Correct Answer 45,000Step by Step Solution
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