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What is the unadjusted balance of cash in xyz

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Reference no: EM132927798

You just joined XYZ Company as their junior accountant. Your first task is to prepare a bank reconciliation in good form at June 30. Your boss provides you with the bank statement and the following information from the accounting records at June 30

Non-sufficient funds (NSF) cheque returned by bank$350

Deposit in transit on June 30$1,015

Outstanding cheques at June 30$2,660

Balance per bank statement on June 30$16,280

Bank service charges$35

Question 1: Your review the bank statement at June 30 shows that a cheque incorrectly recorded by company as $2,500 was correctly recorded by the bank at $2,050. What is the unadjusted (opening) balance of cash in XYZ's general ledger on June 30?

 

Reference no: EM132927798

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