Annahelm Corp. received the July Bank Statement from Elstow Bank, which showed an opening balance of $123,456.70 and a service charge of $20. The accountant of the corporation noticed that there are three deposits in transit resulting a total of $6,780.90, and two outstanding cheques resulting a total of $8,698.10. Complete the reconciliation process and determine the final balance if Annahelm Corp. has $121,539.50 on the book. O a. $123,436.70 O b. $121,519.50 O c. $119,602.30 O d. $119,622.30
Annahelm Corp. received the July Bank Statement from Elstow Bank, which showed an opening balance of $123,456.70 and a service charge of $20. The accountant of the corporation noticed that there are three deposits in transit resulting a total of $6,780.90, and two outstanding cheques resulting a total of $8,698.10. Complete the reconciliation process and determine the final balance if Annahelm Corp. has $121,539.50 on the book. O a. $123,436.70 O b. $121,519.50 O c. $119,602.30 O d. $119,622.30
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 3E
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