The treasurer of a company was preparing a bank reconciliation as of March 31. The following items were identified:
- The balance per books was $9,600
- Interest earned on the checking account during March was $10.
- Outstanding checks totaled $875.
- A customer’s NSF check in the amount of $40 was returned with the March bank statement.
- Deposits in transit amounted to $530.
- During March, the bookkeeper for the company recorded payment of an account payable incorrectly as $136. The check was paid by the bank in the correct amount of $361.
- The bank incorrectly credited the company’s account $140 for a check deposited by another company.
What is the balance per the bank statement on March 31?
- 9,550
- 9,140
- 10,280
- 9,830
- 8,860
The Rest Of TheVideos
| 1 | Not completed | Cash and Cash Equivalents | 8 min |
| 2 | Not completed | Bank Reconciliations: What and Why | 10 min |
| 3 | Not completed | Bank Reconciliations: How | 21 min |
| 4 | Not completed | Debit and Credit Memos | 6 min |
| 5 | Not completed | Fixing Mistakes in Bank Recs | 9 min |
Chapter 4Practice Problems
| Click Here to View All Problems at Once | View | ||
| 1 | Not completed | Categorizing Cash & Cash Equivalents | Moderate |
| 2 | Not completed | Bank Reconciliation You are here. | Hard |