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The April 30, 2020, bank statement for Comet Company showed a cash balance of $7,100. The cash account in the company's general ledger (6/4), according
The April 30, 2020, bank statement for Comet Company showed a cash balance of $7,100. The cash account in the company's general ledger (6/4), according to the company's records on April 30, had a balance of $3,765. The following additional data were revealed during the reconciliation process 1. A deposit of $650 that had been made by the company on March 31 was processed by the bank in April, and a deposit of $1.900 made on April 30 had not yet been processed by the bank 2. The bank statement listed a deposit for $330 that was mistakenly put in Comet Company's bank account: it should have gone to Comment Company's account. 3. Comet Company determined that there were three cheques that had not yet been processed by the bank: #466 for $1.500,#467 for $530, and #470 for $1,300 4. One of Comet's customers paid their account, transferring funds electronically to Comet's account. The amount transferred was $1.611 5. The bank service charge for the month was $36 What cash balance should Comet Company report on its statement of financial position as at April 30, 2020? Cash balance $
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