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The cash account shows a balance of $41500 before reconciliation. The bank statement does not include a deposit of $9600 made on the last day of the month. The bank statement shows a collection by the bank of $3950 and a customer's check for $1350 was returned because it was NSF. A customer's check for $1320 was recorded on the books as $1960, and a check written for $323 was recorded as $389. The correct balance in the cash account was O $44674. O $43394. O $43526. O $53126.

The cash account shows a balance of $41500 before reconciliation. The bank statement does not include a deposit of $9600 made on the last day of the month. The bank statement shows a collection by the bank of $3950 and a customer's check for $1350 was returned because it was NSF. A customer's check for $1320 was recorded on the books as $1960, and a check written for $323 was recorded as $389. The correct balance in the cash account was O $44674. O $43394. O $43526. O $53126.

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5E
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The cash account shows a balance of $41500 before reconciliation. The bank statement does not include a deposit of $9600 made on the last day of the month. The bank statement shows a collection by the bank of $3950 and a customer's check for $1350 was returned because it was NSF. A customer's check for $1320 was recorded on the books as $1960, and a check written for $323 was recorded as $389. The correct balance in the cash account was O $44674. O $43394. O $43526. O $53126.
Transcribed Image Text:The cash account shows a balance of $41500 before reconciliation. The bank statement does not include a deposit of $9600 made on the last day of the month. The bank statement shows a collection by the bank of $3950 and a customer's check for $1350 was returned because it was NSF. A customer's check for $1320 was recorded on the books as $1960, and a check written for $323 was recorded as $389. The correct balance in the cash account was O $44674. O $43394. O $43526. O $53126.
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