Question
The following information relates to Greenfield Limiteds Cash account: - The reconciled cash balance from Januarys bank reconciliation is $18,920 - During the month of
The following information relates to Greenfield Limiteds Cash account:
- The reconciled cash balance from Januarys bank reconciliation is $18,920
- During the month of February, Greenfield recorded cash receipts of $21,700
- During the month of February, Greenfield recorded cash payments of $24,300
- February bank statement shows a balance of $19,260 on February 28
- Outstanding cheques $3,630
- Deposits in transit $1,450
- EFT collections on account that were not yet recorded on the books $2,170
- NSF cheque $1,270
- NSF fee $5
- Bank services charges $90
Determine Greenfield's reconciled cash balance per books.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started