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On February 28th, the general ledger of CAC shows a balance for cash of $220,000. Cash receipts yet to be deposited into the checking account
On February 28th, the general ledger of CAC shows a balance for cash of $220,000. Cash receipts yet to be deposited into the checking account total $126,000, while checks written by CAC but not yet processed by the bank total $147,500. The company's balance of cash does not reflect a NSF check of $119, a service fee of $20 and interest earned of $32 and a customer payments collected by the bank of $6,250; however, these amounts are included in the balance of cash of $247,643 reported by the bank as of the end of February Answer the following based on the process of doing the bank reconciliation: 9. $_ _Determine the total amount that is used to reconcile the Bank balance (include "-" if needed): 10.$__Determine the total amount that is used to reconcile the Company cash balance (include "-" if needed) 11. $. What is the balance in the company's cash account after the reconciliation
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