Question 4 Egrane, Incorporated's monthly bank statement showed the ending balance of cash of...

90.2K

Verified Solution

Question

Accounting

image

Question 4

Egrane, Incorporated's monthly bank statement showed the ending balance of cash of $20,100. The bank reconciliation for the period showed an adjustment for a deposit in transit of $2,300, outstanding checks of $3,600, an NSF check of $2,300, bank service charges of $110 and the EFT from a customer in payment of the customer's account of $3,100. What is the up-to-date ending Cash balance? Multiple Choice $18,800 $18,110 $24,090 $21,400

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