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Hector Company gathered the following reconciling information in preparing its March bank reconciliation: Cash balance per books, March 31 Notes receivable collected by bank Outstanding
Hector Company gathered the following reconciling information in preparing its March bank reconciliation: Cash balance per books, March 31 Notes receivable collected by bank Outstanding checks Deposits in transit Bank service charge NSF check $14,000 7,000 9,000 5,000 75 1,200
Using the given information, determine the adjusted cash balance for March. a. $19,725 b. $7,000 C. $19,000 d. $14,225
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