The balance in a company's Cash account on August 31 was $19,300, before the bank reconciliation...
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The balance in a company's Cash account on August 31 was $19,300, before the bank reconciliation was prepared. After examining the August bank statement and items included with it, the company's accountant found: Checks outstanding NSF check from a customer Note collected by bank for the company $ 4,100 140 1,450 Deposits outstanding 3,600 Bank service fees 190 What is the amount of cash that should be reported in the company's balance sheet as of August 31? The balance in a company's Cash account on August 31 was $19,300, before the bank reconciliation was prepared. After examining the August bank statement and items included with it, the company's accountant found: Checks outstanding NSF check from a customer Note collected by bank for the company $ 4,100 140 1,450 Deposits outstanding 3,600 Bank service fees 190 What is the amount of cash that should be reported in the company's balance sheet as of August 31?
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To calculate the correct cash balance to be reported on the companys balance sheet as of August 31st ... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
Posted Date:
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