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In preparing its May 31, 2017 bank reconciliation, Bramble Corp. has the following information available: Balance per bank statement, 5/31/17 $50000 Deposit in transit, 5/31/17
In preparing its May 31, 2017 bank reconciliation, Bramble Corp. has the following information available:
| Balance per bank statement, 5/31/17 | $50000 | |
| Deposit in transit, 5/31/17 | 5600 | |
| Outstanding checks, 5/31/17 | 5000 | |
| Note collected by bank in May | 1240 |
The correct balance of cash at May 31, 2017 is
|
| $45940. |
|
| $44375. |
|
| $42810. |
|
| $50600. |
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Financial Accounting
Authors: Thomas Dyckman, Robert Magee, Glenn Pfeiffer
3rd Edition
1934319600, 978-1934319604
