Question
Use the following to answer questions 9-11 On November 30th, the general ledger of AC shows a balance for cash of $100,000. Cash receipts
Use the following to answer questions 9-11 On November 30th, the general ledger of AC shows a balance for cash of $100,000. Cash receipts yet to be deposited into the checking account total $47,000, while checks written by AC but not yet processed by the bank total $52,000. The company's balance of cash does not reflect a NSF check of $1,300, a service fees of $80 and interest earned of $36 and a customer payments collected by the bank of $21,000; however, these amounts are included in the balance of cash of $124,656 reported by the bank as of the end of November. Answer the following based on the process of doing the bank reconciliation: 9. $ 10. $ 11. $ 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?
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