Question
In preparing its bank reconciliation for the month of April 2016, Gregg, Inc. has available the following information. Balance per bank statement, April 30, 2016
In preparing its bank reconciliation for the month of April 2016, Gregg, Inc. has available the following information.
Balance per bank statement, April 30, 2016 $30,140
NSF check returned with April 30, 2016 bank statement 450
Deposit in transit, April 30, 2016 4,000
Outstanding checks April 30, 2016 5,200
Bank service charge for April 20
What should be the correct balance of cash on April 30, 2016?
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Cost Accounting A Managerial Emphasis
Authors: Madhav, Charles, Srikant
15th Edition
933254221X, 978-9332542211
