Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the following to answer questions 9 - 1 1 At the end of the month, the general ledger of the company shows a balance

Use the following to answer questions 9-11
At the end of the month, the general ledger of the company shows a balance for cash of $4,500. Cash receipts yet to
be deposited into the checking account total $3,000, while checks written by the company but not yet processed by the
bank total $2,500. The company's balance of cash does not reflect a NSF check of $100, a service fee of $10 and interest
earned of $5 and a customer's payment collected by the bank of $300; however, these amounts are included in the
balance of cash of $4,195 reported by the bank as of the end of the month.
Answer the following based on the process of doing the bank reconciliation:
9.:
Determine the total amount that is used to reconcile the Bank balance (include "-" if needed):
$
Determine the total amount that is used to reconcile the Company cash balance (include "-" if needed)
$
What is the balance in the company's cash account after the reconciliation?
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial accounting

Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom

9th edition

978-0132751216, 132751127, 132751216, 978-0132751124

More Books

Students also viewed these Accounting questions