A company has an $8,000 cash balance per its books. The bank statement has a balance of $8,450. The bank

A company has an $8,000 cash balance per its books. The bank statement has a balance of $8,450. The bank reconciliation included $800 of deposits-in transits, $500 of checks outstanding, EFTs of $1,000 were received from customers, a $200 NSF check from a customer, and a $50 bank service charge. Given the above reconciling items, the up-to-date cash balance equals ______.

CategoriesUncategorized

Leave a Reply

Your email address will not be published.