Question
Rainey Company's true cash balance at October 31 is $4,590. The following information is available for the bank reconciliation: Outstanding checks, $720 Deposits in transit,
Rainey Company's true cash balance at October 31 is $4,590. The following information is available for the bank reconciliation:
- Outstanding checks, $720
- Deposits in transit, $510
- Bank service charges, $100
- The bank had collected an account receivable for Rainey Company, $1,100
- The bank statement included an NSF check written by one of Ramsey's customers for $660.
What was the unadjusted book balance at October 31?
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Auditing and Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
6th edition
978-1259197109, 77632281, 77862341, 1259197107, 9780077632281, 978-0077862343
