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is this correct? The Cash account of Roper Corporation had a balance of $3,450 at October 31, 2021. Included were outstanding checks totaling 91.700 and
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The Cash account of Roper Corporation had a balance of $3,450 at October 31, 2021. Included were outstanding checks totaling 91.700 and an October 31 deposit of $500 that did not appear on the bank statement. The bank statement, which came from Evergreen State Bank, listed an October 31 balance of $5,215. Included in the bank balance was an October 30 collection of $639 on account from a customer who pays the bank directly. The bank statement also showed a $38 service chargo. $9 of interest revenue that Roper eamed on its bank balance, and an NSF check for $45. Prepare a bank reconciliation to determine how much cash Roper actually had at October 31 Prepare a bank reconciliation to determine how much cash Roper actually had at October 31. (Include the balances at October 31 in each of the addition subtotal calculations.) Roper Corp Bank Reconciliation October 31, 2021 Bank 34500 Balance, October 31 Add: Books 5217 Balance, October 31 Add: 500 Deposit in transit 5717 Interest revenue Deposit in transit 639 Subtotal 9 4098 Less Subtotal Less Service charge Outstanding checks 1700 -38 -45 NSF check 4017 Adjusted book balance Adjusted bank balance 4017 Roper has cash of 4017 at October 31 Step by Step Solution
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