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The Cash account of Regard Corporation had a balance of $3,480 at August 31,2021 . Included were outstanding checks totaling $1,700 and an August 31
The Cash account of Regard Corporation had a balance of $3,480 at August 31,2021 . Included were outstanding checks totaling $1,700 and an August 31 deposit of $300 that did not appear on the bank statement. The bank statement, which came from Tri State Bank, listed an August 31 balance of $5,336. Included in the bank balance was an August 30 collection of $518 on account from a customer who pays the bank directly. The bank statement also showed a $15 service charge, $8 of interest revenue that Regard earned on its bank balance, and an NSF check for $55. Prepare a bank reconciliation to determine how much cash Regard actually had at August 31 . Prepare a bank reconciliation to determine how much cash Regard actually had at August 31. (Include the balances at August 31 in each of the addition subtotal calculations.) Renard Corn
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