Question
Rainey Company's actual cash balance as of October 31 is $5,710. The below information is available for bank reconciliation: Outstanding checks, $600 Deposits in transit,
Rainey Company's actual cash balance as of October 31 is $5,710. The below information is available for bank reconciliation:
- Outstanding checks, $600
- Deposits in transit, $450
- Bank service charges, $90
- The bank had collected an account receivable from the Rainey Company, $1,000
- The bank statement included an NSF check written by one of Ramsey's clients for $600.
- Required:
What was the unadjusted ledger balance as of October 31?
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Financial Accounting: A Business Process Approach
Authors: Jane L. Reimers
3rd edition
978-013611539, 136115276, 013611539X, 978-0136115274
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