Question
The 8/31 Cash in Bank account in the Arizona Companys ledger was $20,000. The following 8/31 reconciling items existed: Bank Service Charge $100 Outstanding Checks
The 8/31 Cash in Bank account in the Arizona Company’s ledger was $20,000.
The following 8/31 reconciling items existed:
| Bank Service Charge | $100 |
| Outstanding Checks | $400 |
| Note Collection by bank | $120 |
The balance appearing on the 8/31 bank statement is: $_____________
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
