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 Multiple Choice O $3,000 $ $ $ NSF check Service fee What is the company's correct ending balance of cash on January 31, per the reconciliation? $4.380 $ $ 1,100 1,200 20 1,000 100

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 Multiple Choice O $3,000 $ $ $ NSF check Service fee What is the company's correct ending balance of cash on January 31, per the reconciliation? $4.380 $ $ 1,100 1,200 20 1,000 100

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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