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Fly Arrow Limited gathered the following reconciling information in preparing its November bank reconciliation: Cash balance per books, November 30 $35,000 Electronic collection of account
Fly Arrow Limited gathered the following reconciling information in preparing its November bank reconciliation: Cash balance per books, November 30 $35,000 Electronic collection of account 5,000 Outstanding cheques 12,500 Deposits in transit 17.000 Bank service charge 3,500 NSF cheque 2,000 The reconciled cash balance per books on November 30 is: A) $38,000 B) $34,500 OC) $14,500 D) $20,500
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