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PLease show work and explain how to solve X Company used the following itemsto complete its bank reconciliation for the month of October: Deposits in
PLease show work and explain how to solve
X Company used the following itemsto complete its bank reconciliation for the month of October: Deposits in transit were $2,500 Outstanding checks total ed $1,100 Bank service charges were $10 The company correctly wrotea check for $192, but mistaken ly recorded the check as $129 on its books. The bank cashed the check correctly for $192. A customer's check for $50 was returned by the bank, NSF A ccording to the bank statement, the cash balance was $10,000. How much cash should X Company show on its October 31 balance sheet? A) $11,400 B) $12,500 C) $10,000 D) $11,350Step by Step Solution
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