Question
Delwood Furniture Company has provided the following information: Ending cash balance per bank statement is $14,862 Monthly bank service charge is $25 Deposits in transit
Delwood Furniture Company has provided the following information:
Ending cash balance per bank statement is $14,862
Monthly bank service charge is $25
Deposits in transit at month-end are $1,218
Outstanding checks at month-end are $4,344
Customer's check returned-NSF is $174
What would be the cash balance per the company records, prior to recording any journal entries resulting from the bank reconciliation?
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Financial Accounting Practice And Principles
Authors: Jan Bebbington, M. Richard Laughlin, Robert H. Gray, Gray Dave
3rd Edition
1861527713, 978-1861527714
