Practice 7-14 Bank Reconciliation LO4 The company received a bank statement at the end of...
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Practice 7-14 Bank Reconciliation LO4 The company received a bank statement at the end of the month. The statement contained the following: 1 1 1 In comparing the bank statement to its own cash records, the company found the following: Deposits mode but not yet rocorded by the bonk Checks written and mailed but not yet recorded by the bank $2,7003,900 Routine Activities of a Business Before making any adjustment suggested by the bank statement, the cash balance according to the books is $10,320. What is the correct cash balance as of the end of the month? Verify this amount by reconciling the bank statement with the cash balance on the books
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