Jay Companys general ledger indicates a cash balance of $6,000 as at the end of October 2019,

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Jay Company’s general ledger indicates a cash balance of $6,000 as at the end of October 2019, prior to completing a bank reconciliation. The bookkeeper has identified the following information:

■ Outstanding cheques $2,000.

■ Outstanding deposits $1,000.

■ Bank service charges $100 shown on the October 31 bank statement.

Required:

How much is the corrected cash balance of Jay Company as of October 31, 2019?

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Intermediate Accounting Volume 1

ISBN: 9780135236109

4th Edition

Authors: Kin Lo, George Fisher

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Question Posted: Mar 04, 2023 09:30 AM

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Jay Companys general ledger indicates a cash balance of $6,000 as at the end of October 2019,

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Intermediate Accounting Volume 1

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