Brockton Carpet Cleaning prepares a bank reconciliation at the end of every month. At the...

80.2K

Verified Solution

Question

Accounting

image

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 $2,810 and the bank balance on the bank statement was $3,010. Outstanding checks totaled $710 and deposits in transited were $430. The bank statement revealed that a check written for $150 was incorrectly recorded by Brockton as a $250 disbursement. The bank statement listed service charges and NSF check charges totaling $180. The corrected cash balance is: Multiple Choice $2,300. $2,500. $2,580. $2,730

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