In preparing its bank reconciliation for the month of March 20x1, a company has available...
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Accounting
| In preparing its bank reconciliation for the month of March 20x1, a company has available the following information: | |||
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| Balance per bank statement, March 31, 20x1 | $36948 |
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| Deposit in transit, March 31, 20x1 | 6385 |
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| Outstanding cheques, March 31, 20x1 | 5993 |
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| Bank service charges for March | 58 |
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| What should be the correct balance of cash at March 31, 20x1? | |||
Select one:
a. $36556
b. $37282
c. $37340
d. $36498
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