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QUESTION 16 (16 pts, 8 each) The Cash account in the ledger of XYZ Golf Club shows a balance of $11,925 at December 31, 2018.
QUESTION 16 (16 pts, 8 each) The Cash account in the ledger of XYZ Golf Club shows a balance of $11,925 at December 31, 2018. The December 31 bank statement shows a balance of $10,440. The only reconciling items consist of: Bank service charges of $32. Deposit in transit of $1,813. NSF check from customer ABC in the amount of $120. Error in recording check no. 970 for utilities: check was written in the amount of 5834 but was recorded in XYES accounting records as 5384 There are 5 outstanding checks (a) What is the amount of the adjusted cash balance at December 31, 2018? (b) What is the total amount of outstanding checks at December 31, 2018? 5 $ TT T Arial 3 (12pt) T
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