Solution-What was the book balance of cash before the

What was the book balance of cash before the reconciliation

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Reference no: EM132692256

The bank statement balance is $4,500 and shows a service charge of $15, interest earned of $5, and an NSF check for $300. Deposits in transit total $1,200; outstanding checks are $575. The bookkeeper recorded as $152 a check of $125 in payment of an account payable. This created a book error of $27 (positive amount to correct the error).

Problem (1) What is the adjusted bank balance?

Problem (2) What was the book balance of cash before the reconciliation?

Reference no: EM132692256

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What was the book balance of cash before the reconciliation

Reference no: EM132692256

Reference no: EM132692256

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