Brangelina Adoption Agency's general ledger shows a cash balance of $4,578. The balance of cash...

90.2K

Verified Solution

Question

Accounting

image
Brangelina Adoption Agency's general ledger shows a cash balance of $4,578. The balance of cash in the March-end bank statement is $7,315. A review of the bank statement reveals the following information: checks outstanding of $2,788, bank service fees of $70, and interest earned of $19. Calculate the correct balance of cash at the end of March. (Amounts to be deducted should be indicated with a minus sign.) Bank balance Checks outstanding Company balance Service fees Interest earned Cash balance per reconciliation Cash balance per reconciliation

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students