Question: Help Save &Exit Submit On September 30, the bank comparing the bank statement to the cash balance in Fine's accounting records: statement of Fine Company
Help Save &Exit Submit On September 30, the bank comparing the bank statement to the cash balance in Fine's accounting records: statement of Fine Company showed a balance of $14.850. The following information was revealed by (1) deposits in transit amounted to $6,015 (2) outstanding checks amounted to $10,630 (3) a $840 check was incorrectly drawn on Fine's account (4) NSF checks returned by the bank were $1,420 (5) bank service charge was $49 (6) credit memo for $220 for the collection of one of the company's account receivable Based on the above information, the true cash balance was: Multiple Choice $11075 $11,246. Prev 16 of 27 Nas>
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
