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BRS 1. Cash balance according to the company's records at August 31, $17,100. 2. Cash balance according to the bank statement at August 31, $18,090. 3. Checks outstanding, $3,470. 4. Deposit in transit, not recorded by bank, $2,790. 5. A check for $480 in payment of an account was erroneously recorded in the check register as $840. 6. Bank debit memo for service charges, $50.

BRS 1. Cash balance according to the company's records at August 31, $17,100. 2. Cash balance according to the bank statement at August 31, $18,090. 3. Checks outstanding, $3,470. 4. Deposit in transit, not recorded by bank, $2,790. 5. A check for $480 in payment of an account was erroneously recorded in the check register as $840. 6. Bank debit memo for service charges, $50.

Financial Accounting
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter8: Sarbanes-oxley, Internal Control, And Cash
Section: Chapter Questions
Problem 18E
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BRS 1. Cash balance according to the company's records at August 31, $17,100. 2. Cash balance according to the bank statement at August 31, $18,090. 3. Checks outstanding, $3,470. 4. Deposit in transit, not recorded by bank, $2,790. 5. A check for $480 in payment of an account was erroneously recorded in the check register as $840. 6. Bank debit memo for service charges, $50.
Transcribed Image Text:BRS 1. Cash balance according to the company's records at August 31, $17,100. 2. Cash balance according to the bank statement at August 31, $18,090. 3. Checks outstanding, $3,470. 4. Deposit in transit, not recorded by bank, $2,790. 5. A check for $480 in payment of an account was erroneously recorded in the check register as $840. 6. Bank debit memo for service charges, $50.
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