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On February 28th, the general ledger of the company shows a balance for cash of $186,200. Cash receipts yet to be deposited into the checking account total $27,200, while checks written by the company but not yet processed by the bank total $18,900. The company's balance of cash does not reflect a NSF check of $1,500, a service fee of $125 and interest earned of $25 and customer payments collected by the bank of $8,000 ; however, these amounts are included in the balance of cash of $184,300 reported by the bank as of the end of February.
Answer the following based on the process of doing the bank reconciliation:
Question 1: Determine the total amount that is used to reconcile the Bank balance (include "-" if needed):
Question 2: Determine the total amount that is used to reconcile the Company cash balance (include "-" if needed)
Question 3: What is the balance in the company's cash account after the reconciliation?
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