Completion of the reconciliation

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Reference no: EM13258153

The following information was available to the accountant of R&G Company when preparing the monthly bank reconciliation:

Outstanding checks:

#1249 for

$   525


#1261 for

70

Bank service charges


$   50

Deposits in transit


$ 1,500

Customer note receivable collected by bank


$ 1,000

Cash balance per bank statement


$ 1,265

Cash balance per books

(prior to reconciliation)


$ 1,220

The corrected cash balance following completion of the reconciliation was?

Reference no: EM13258153

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