Bank ReconciliationThe accountant for Beaume Corp. was preparing a bank reconciliation as of April 30. The following items were identified:Beaume's book balance$34,795Outstanding cheques900Interest earned on chequing account62Customer's NSF cheque returned by the bank373In addition, Beaume made an error in recording a customer's cheque; the amount was recorded in cash receipts as $370; the bank recorded the amount correctly as $730.Required:What amount will Beaume report as its adjusted cash balance at April 30?

The adjusted cash balance is computed by adjusting the cash book for those transactions which have…

Answered: Bank Reconciliation The accountant for…

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter7: Internal Control And Cash

Section: Chapter Questions

Problem 21E

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Bank Reconciliation

The accountant for Beaume Corp. was preparing a bank reconciliation as of April 30. The following items were identified:

Beaume's book balance	$34,795
Outstanding cheques	900
Interest earned on chequing account	62
Customer's NSF cheque returned by the bank	373

In addition, Beaume made an error in recording a customer's cheque; the amount was recorded in cash receipts as $370; the bank recorded the amount correctly as $730.

Required:

What amount will Beaume report as its adjusted cash balance at April 30?

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