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11. Before reconciling to its bank statement, Lauren Cosmetics Corporation's general ledger had a month-end balance in the cash account of $5,250. The bank reconciliation for the month contained the following items: Deposits in transit $750 Outstanding checks $465 Interest earned $ 20 NSF check returned to bank $100 Bank service charge $ 10 Given the above information, what adjusted cash balance should Lauren report at month-end? A. $4,500. B. $4,820. C. $5,160. D. $5,590.
11. Before reconciling to its bank statement, Lauren Cosmetics Corporation's general ledger had a month-end balance in the cash account of $5,250. The bank reconciliation for the month contained the following items: Deposits in transit $750 Outstanding checks $465 Interest earned $ 20 NSF check returned to bank $100 Bank service charge $ 10 Given the above information, what adjusted cash balance should Lauren report at month-end? A. $4,500. B. $4,820. C. $5,160. D. $5,590.
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Tod ThielLv2
2 Apr 2018
Related questions
The balance in Happ, Inc.âs general ledger Cash account was$14,300 at September 30, before reconciliation. The September 30balance shown in the bank statement was $12,830. Reconciling itemsincluded deposits in transit, $1,370; bank service charges, $155;NSF check written by a customer and returned with the bankstatement, $620; outstanding checks, $550; and interest credited tothe account during September but not recorded on the companyâsbooks, $125.
Required:
Prepare a bank reconciliation as of September 30 for Happ,Inc.
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