The Mason Company gathered the following information from your accounting records and October bank statement to prepare
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Question:
The Mason Company gathered the following information from your accounting records and October bank statement to prepare the October bank reconciliation:
Final cash balance according to books, 10/31 | $5,400 |
Deposits in transit | 530 |
Interest received from the bank | 1,800 |
Bank service charge for printing checks | 220 |
outstanding checks | 3,900 |
NSF Verification by T. Owens | 270 |
Calculate the updated final cash balance as of October 31.
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