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6.2 The cash book shows a bank balance of $5,675 overdrawn at 3 discovered that a standing order for $125 has been entered twic $450 has been debited in the cash book instead of credited. What is the correct bank balance?

6.2 The cash book shows a bank balance of $5,675 overdrawn at 3 discovered that a standing order for $125 has been entered twic $450 has been debited in the cash book instead of credited. What is the correct bank balance?

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5E
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6.2 The cash book shows a bank balance of $5.675 overdrawn at 31 August 20X5. It is subsequently discovered that a standing order for $125 has been entered twice, and that a dishonoured cheque for $450 has been debited in the cash book instead of credited. What is the correct bank balance?
Transcribed Image Text:6.2 The cash book shows a bank balance of $5.675 overdrawn at 31 August 20X5. It is subsequently discovered that a standing order for $125 has been entered twice, and that a dishonoured cheque for $450 has been debited in the cash book instead of credited. What is the correct bank balance?
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