The December 31, 20x3 bank statement for Pardy Inc. showed a balance of $16754. The accountant for
Question:
The December 31, 20x3 bank statement for Pardy Inc. showed a balance of $16754. The accountant for the company gathered the following information to prepare the December 31, 20x3 bank reconciliation:
1. Cheques amounting to $6488 are outstanding at December 31
2. The December 31, 20x3 deposit of $2601 had not been received by the bank in time to be included in the December bank statement
3. The bank charged the company $198 for monthly standard service charges and have not yet been recorded by the company
4. The company recorded a $3642 cheque in payment of an account payable as $6249
5. The balance in Pardy Inc.’s cash account according to its accounting records was $X
What is the balance in Pardy Inc.’s cash account according to its accounting records at December 31, 20x3? (i.e. what is the value for X)
Select one:
a. $14345
b. $12867
c. $15276
d. $10458
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones