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What is the bank balance

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Question - The following information was obtained in connection with the audit of nbv company's cash account of the December 31, 2010.

Outstanding checks, nov.30.2010  $16,250.00

Outstanding checks, dec.31,2010 $12,500.00

Deposit in transit,nov.30,2010  $12,500.00

Cash balance per general ledger Dec.31, 2010 $37,500.00

Actual collections from its customers during December $152,500.00

Company checks paid by bank in December $130,000.00

Bank charges recorded on company books Dec. $2,500

Bank charges per December Statement $3,250deposits credited by bank during Dec. $145,000.00

November bank charges recorded on company books in Dec. $1,500.00

The cash receipts book of Dec. is under footed by $2,500

Bank error charged the company account for $3,750 check of another depositor. This bank error was corrected in January 2011.

What is the bank balance on Nov.2010?

What is the total bank receipts in Dec.?

What is the total bank disbursement in Dec?

What is the bank balance on Dec.31, 2010?

Reference no: EM132044893

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