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The following information regarding Quirky Coo's bank reconciliation process is available: Cash Balance on 31/12/2021..............$8600 Bank Statement Balance on 31/12/2021..............$9820 Deposits in transit.............$980 Accounts Receivables
The following information regarding Quirky Coo's bank reconciliation process is available: Cash Balance on 31/12/2021..............$8600 Bank Statement Balance on 31/12/2021..............$9820 Deposits in transit.............$980 Accounts Receivables and interest collected by the bank............$1121 NSF Check................$2000 Outstanding checks....... $600 Monthly bank charges....$15 What should be the balance under cash book at the end of the month, after the bank reconciliation process is completed? Show all your workings.
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