Question
In preparing its bank reconciliation for the month of February, James Company has made available the following information: Balance per bank statement, February 28 P18,
- In preparing its bank reconciliation for the month of February, James Company has made available the following information:
Balance per bank statement, February 28 P18, 025
Deposit in transit, February 28 3, 125
Outstanding checks, February 28 2,875
Check erroneously deducted by bank from James account February 10 125
Bank service charges for February 25
What is the corrected cash balance at February 28?
- 18, 150
- 18, 275
- 18, 400
- Answer not given
- 18, 125
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
2nd Canadian Edition
0471413658, 978-0471413653
