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Prepares a bank reconciliation at the end of every month

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Question - Brockton Carpet Cleaning prepares a bank reconciliation at the end of every month. At the end of July, the balance in the general ledger checking account was $3,030 and the bank balance on the bank statement was $3,120. Outstanding checks totaled $820 and deposits in transited were $540. The bank statement revealed that a check written for $260 was incorrectly recorded by Brockton as a $360 disbursement. The bank statement listed service charges and NSF check charges totaling $290. Determine the corrected cash balance?

Reference no: EM133171030

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