Question
The following information relates toSunlandLimited's Cash account. The reconciled cash balance from June's bank reconciliation is $17,980. During the month of July,Sunlandrecorded cash receipts of
The following information relates toSunlandLimited's Cash account. The reconciled cash balance from June's bank reconciliation is $17,980. During the month of July,Sunlandrecorded cash receipts of $22,800and cash payments of $24,300in the general ledger Cash account. An examination of the company's July bank statement shows a balance of $19,420on July 31; outstanding cheques $3,790; deposits in transit $1,610; EFT collections on account that were not yet recorded on the books $2,198; NSF cheque $1,242; NSF fee $78; and bank services charges $118.
Determine the cash balance perSunlandLimited's books.
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