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The Cash account of Rettell Corporation had a balance of $3,600 at October 31, 2021. Included were outstanding checks totaling $1,800 and an October 31
The Cash account of Rettell Corporation had a balance of $3,600 at October 31, 2021. Included were outstanding checks totaling $1,800 and an October 31 deposit of $400 that did not appear on the bank statement. The bank statement, which came from Parkway State Bank, listed an October 31 balance of $5,579. Included in the bank balance was an October 30 collection of $649 on account from a customer who pays the bank directly. The bank statement also showed a $32 service charge, $17 of interest revenue that Rettell earned on its bank balance, and an NSF check for $55. Prepare a bank reconciliation to determine how much cash Rettell actually had at October 31.
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