Question
The Mason Company gathered the following information from your accounting records and October bank statement to prepare the October bank reconciliation: Final cash balance according
The Mason Company gathered the following information from your accounting records and October bank statement to prepare the October bank reconciliation:
| Final cash balance according to books, 10/31 | $5,400 |
| Deposits in transit | 530 |
| Interest received from the bank | 1,800 |
| Bank service charge for printing checks | 220 |
| outstanding checks | 3,900 |
| NSF Verification by T. Owens | 270 |
Calculate the updated final cash balance as of October 31.
Step by Step Solution
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To calculate the updated final cash balance as of October 3...
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Financial Accounting with IFRS Fold Out Primer
Authors: John Wild
5th edition
978-0077408770, 77408772, 978-0077413804
