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The following information was taken from BammerCo's bank reconciliation at the end of the year: Cash GL balance $ 18,000 Checks outstanding $ 6,000 Note
The following information was taken from BammerCo's bank reconciliation at the end of the year:
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Cash GL balance | $ | 18,000 |
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Checks outstanding | $ | 6,000 |
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Note collected by the bank | $ | 2,400 |
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Service fee | $ | 50 |
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Deposits in transit | $ | 3,000 |
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NSF check | $ | 350 |
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What is the correct cash balance that should be reported in BammerCo's balance sheet at the end of the year?
The following information was taken from BammerCo's bank reconciliation at the end of the year: Cash GL balance $ 18,000 Checks outstanding $ 6,000 Note collected by the bank $ 2,400 Service fee $ 50 Deposits in transit $ 3,000 NSF check $ 350 What is the correct cash balance that should be reported in BammerCo's balance sheet at the end of the year? Select one: O a. $15,200 O b. $17,000 O c. $17,600 O d. $20,000 O e. $18,000Step by Step Solution
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