The following information was taken from a company’s bank reconciliation at the end of the year:         Bank balance $ 9,000 Checks outstanding $ 7,400 Note collected by the bank $ 1,800 Service fee $ 33 Deposits outstanding $ 4,700 NSF check $ 330   What is the correct cash balance that should be reported in the company's balance sheet at the end of the year?   Multiple Choice   $6,267.   $6,300.   $10,470.   $8,670.

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A: Cash balance = Bank balance + Deposits outstanding - Checks outstanding

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Q: adjusted cash balance p

A:

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.