Question
Speed Racer Company developed the following reconciling information in preparing its September bank reconciliation: Cash balance per bank, 9/30 $27,000 Note receivable collected by bank
Speed Racer Company developed the following reconciling information in preparing its September bank reconciliation:
| Cash balance per bank, 9/30 | $27,000 |
| Note receivable collected by bank | 12,800 |
| Outstanding checks | 14,000 |
| Deposits in transit | 6,000 |
| Bank service charge | 350 |
| NSF check | 2,900 |
Determine the cash balance per books (before adjustments) for Speed Racer Company.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Auditing And Assurance Services
Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau
9th International Edition
1266285997, 978-1266285998
