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The following information was available for Churchill Company as of December 31: Information from Churchill's adjusted trial balance: Cash balance: $14,500 Outstanding checks: $1,275 Deposits
The following information was available for Churchill Company as of December 31: Information from Churchill's adjusted trial balance: Cash balance: $14,500 Outstanding checks: $1,275 Deposits in transit: $6,700 Information from the bank statement: Bank balance: $9,675 NSF check: $560 EFT rent collection: $2,000 Service fee: $30 In addition, Churchill caught an error during the reconciliation process. Utilities expense in the amount of $900 was accidentally recorded as $90. Complete the bank reconciliation process. You are not required to show journal entries, but you must clearly support your work. What should the ending balance of cash be on Churchill's books? $
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