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The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30. The following items were identified: Bellows' book balance $28,750 Outstanding checks
The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30. The following items were identified:
Bellows' book balance | $28,750 |
Outstanding checks | 900 |
Interest earned on checking account | 62 |
Customer's NSF check returned by the bank | 348 |
In addition, Bellows made an error in recording a customer's check; the amount was recorded in cash receipts as $370; the bank recorded the amount correctly as $730.
1. What amount will Bellows report as its adjusted cash balance at April 30, 2019?
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