FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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On January 31, Clark Company's cash balance per its general ledger is $4,280. The bank's cash balance per the
January 31 bank statement is $3,100. The following information is gathered from the bank statement and
company records:
Checks outstanding
Deposits outstanding
Interest earned on bank account
NSF check
Service fee
Multiple Choice
O $3,000
What is the company's correct ending balance of cash on January 31, per the reconciliation?
O $4,380
O $2,020
$
$3,200
$
$
$
1,100
1,200
20
1,000
100
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Transcribed Image Text:On January 31, Clark Company's cash balance per its general ledger is $4,280. The bank's cash balance per the January 31 bank statement is $3,100. The following information is gathered from the bank statement and company records: Checks outstanding Deposits outstanding Interest earned on bank account NSF check Service fee Multiple Choice O $3,000 What is the company's correct ending balance of cash on January 31, per the reconciliation? O $4,380 O $2,020 $ $3,200 $ $ $ 1,100 1,200 20 1,000 100
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