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Brockton Carpet Cleaning prepares a bank reconcili...

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Brockton Carpet Cleaning prepares a bank reconciliation at the end of every month. At the end of July, the balance in the general ledger checking account was $2,750, and the bank balance on the bank statement was $2,980. Outstanding checks totaled $680, and deposits in transit were $400. The bank statement revealed that a check written for $120 was incorrectly recorded by Brockton as a $220 disbursement. The bank statement listed service charges and NSF check charges totaling $150. The corrected cash balance is: (Points : 4) $2,270. $2,550. $2,470. $2,700.

 

Paper#12896 | Written in 18-Jul-2015

Price : $25
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