From the following the reconciled balance is: Checkbook balance $68,599.10 Bank Balance 96,500.10 Deposits in Transit 2,800.10 Outstanding Checks 24,741.10 Note Collected 6,000.00 Bank Service Charge 40.00 $74,959.10 $47,959.10 $74,459.10 $74,359.10 None of these
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10 Deposits in transit: + $2,800.10 New balance: $71,399.20 Show more…
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Hector Company gathered the following reconciling information in preparing its March bank reconciliation: Cash balance per books, 3/31 $12,000 Notes receivable collected by bank 6,000 Outstanding checks 9,000 Deposits in transit 4,500 Bank service charge 75 NSF check 1,200 Using the above information, determine the adjusted cash balance for March.
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