Question
The controller of Green Troll Veggies Inc. was preparing a bank reconciliation. According to the accounting records, as of March 31, the bank account balance
The controller of Green Troll Veggies Inc. was preparing a bank reconciliation. According to the accounting records, as of March 31, the bank account balance was $700. On March 30, Green Troll had written two cheques, one for $300 and another for $800. Neither of these cheques had cleared the bank. On the evening of March 31, just after the bank closed, the controller deposited a payment of an account receivable for $1,800. Assuming the bank statement is dated March 31, what would be the March 31 balance in the bank account according to the bank? 1.$700 2. $1,000 3.$1,400 4.$0
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