Question
The following information was available to the accountant of Horton Company when preparing the monthly bank reconciliation: Cash balance per bank statement $1,135 Cash balance
| The following information was available to the accountant of Horton Company when preparing the monthly bank reconciliation: |
| Cash balance per bank statement | $1,135 |
| Cash balance per books (prior to reconciliation) | 868 |
| Outstanding check #643 | 662 |
| Outstanding check #651 | 59 |
| Bank service charges | 41 |
| Customer check returned by bank as NSF | 100 |
| Deposits in transit | 350 |
| Interest received from bank | 37 |
| The amount of cash that should appear on the balance sheet following completion of the reconciliation and adjustment of the accounting records is: |
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Auditing Principles
Authors: Howard F. Stettler
3rd Edition
0130521183, 9780130521187
