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The following information pertains to the Chandler Company: Cash balance per bank statement $7,750 Cash balance per general ledger 7,335 Bank service charge 25 Deposits
The following information pertains to the Chandler Company:
Cash balance per bank statement | $7,750 |
Cash balance per general ledger | 7,335 |
Bank service charge | 25 |
Deposits in transit to bank | 375 |
Outstanding checks | 985 |
NSF check returned by bank | 170 |
Chandler should show the following reconciled cash balance from the bank reconciliation on its balance sheet:
Select one:
A. $7,140
B. $7,310
C. $8,125
D. $6,665
E. None of the above
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