Question: The company received a bank statement at the end of the

The company received a bank statement at the end of the month. The statement contained the following:
Ending balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $8,000
Bank service charge for the month . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
Interest earned and added by the bank to the account balance . . . . . . . . 30
In comparing the bank statement to its own cash records, the company found the following:
Deposits made but not yet recorded by the bank . . . . . . . .. . . . . . . . . . . $3,600
Checks written and mailed but not yet recorded by the bank . . . . . . . . . 6,500
Before making any adjustment suggested by the bank statement, the cash balance according to the books is $5,125. What is the correct cash balance as of the end of the month? Verify this amount by reconciling the bank statement with the cash balance on the books.




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  • CreatedApril 07, 2012
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