The following information is available to reconcile Serious Companys book balance of cash with its bank statement cash balance as of December 31, 2025 The 12 31 cash balance according to the accounting records is $26,300 The companys December 31 daily cash receipt of $8,050 were placed in the banks night depository on that date, but do not appear on the December 31 st bank statement Two checks, No 1105 for $1,500 and No 1108 for $800 were outstanding on the most recent Nov 30 th bank reconciliation Check No 1105 is listed with the December canceled checks but Check No 1108 is not Check No 1150 for $3,650 and Check No 1156 for $250 both of which were written in December 20X5 are not among the canceled checks When the December 20X5 checks are compared with entries in the accounting records, it is found that Check No 1145 had been correctly drawn for $1,890 to pay the December rent but the clerk writing the check was distracted and erroneously entered check No 1145 in the accounting records as $1,980 During the month of December, the bank issued 2 debit credit memorandum and enclosed them with the banks statement memorandum 1 is for $375 in total and it dealt with an NSF check for $350 received from customer, Morrow Industries, in payment of its account The bank assessed a $25 fee for processing the bad check ($350 $25 $375) Memorandum 2 shows a $15,280 collection made by the bank on behalf of Serious Company The $15,280 represents the collection of a $15,000 short term loan made by Serious Company to an employee who was experiencing hard times Serious arranged for the employee to drop off their loan repayment plus interest at the bank The $15,280 collected includes not only the interest paid by the employee but is net of a $20 bank service fee charged by the bank to handle the transaction Requirements Please consider the above information and prepare the company's December bank reconciliation Select the answer below that shows the cash balance reported on the bank's December statement choices $41,295 None are correct $36,965 $37,945 $41,115 $37,715 $37,145

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The following information is available to reconcile Serious Companys book balance of cash with its bank statement cash balance as of December 31, 2025. The

The following information is available to reconcile Serious Companys book balance of cash with its bank statement cash balance as of December 31, 2025.

The 12/31 cash balance according to the accounting records is $26,300.
The companys December 31 daily cash receipt of $8,050 were placed in the banks night depository on that date, but do not appear on the December 31^st bank statement.
Two checks, No. 1105 for $1,500 and No. 1108 for $800 were outstanding on the most recent Nov. 30^th bank reconciliation. Check No. 1105 is listed with the December canceled checks but Check No 1108 is not. Check No. 1150 for $3,650 and Check No. 1156 for $250 both of which were written in December 20X5 are not among the canceled checks.
When the December 20X5 checks are compared with entries in the accounting records, it is found that Check No. 1145 had been correctly drawn for $1,890 to pay the December rent but the clerk writing the check was distracted and erroneously entered check No. 1145 in the accounting records as $1,980.
During the month of December, the bank issued 2 debit/credit memorandum and enclosed them with the banks statement: memorandum #1 is for $375 in total and it dealt with an NSF check for $350 received from customer, Morrow Industries, in payment of its account. The bank assessed a $25 fee for processing the bad check ($350 + $25 = $375). Memorandum #2 shows a $15,280 collection made by the bank on behalf of Serious Company. The $15,280 represents the collection of a $15,000 short-term loan made by Serious Company to an employee who was experiencing hard times. Serious arranged for the employee to drop off their loan repayment plus interest at the bank. The $15,280 collected includes not only the interest paid by the employee but is net of a $20 bank service fee charged by the bank to handle the transaction.

Requirements: Please consider the above information and prepare the company's December bank reconciliation. Select the answer below that shows the cash balance reported on the bank's December statement.

choices

$41,295

None are correct.

$36,965

$37,945

$41,115

$37,715

$37,145