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In preparing its August 31, 2012 bank reconciliation, Bing Corp. has available the following information: Balance per bank statement, 8/31/12 $18,650 Deposit in transit, 8/31/12
In preparing its August 31, 2012 bank reconciliation, Bing Corp. has available the following information: Balance per bank statement, 8/31/12 $18,650 Deposit in transit, 8/31/12 3,900 Return of customer's check for insufficient funds, 8/30/12 600 Outstanding checks, 8/31/12 2,750 Bank service charges for August 100 At August 31, 2012, Bing's correct cash balance is a. $19,800. b. $19,200. c. $19,100. d. $17,500
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