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In preparing the bank reconciliation for the month of December, KIMMY Company provided the following data: Balance per bank statement                                     3,800,000 Deposit in Transit                                                         520,000 Amount erroneously credited by bank to KIMMY Company’s account                                                                           40,000 Bank Service Charge for December                                  5,000 NSF Check                                                                       50,000 Outstanding Checks                                                      675,000 What is the Balance per book? a. 3,550,000 b. 3,660,000 c. 3,610,000

In preparing the bank reconciliation for the month of December, KIMMY Company provided the following data: Balance per bank statement                                     3,800,000 Deposit in Transit                                                         520,000 Amount erroneously credited by bank to KIMMY Company’s account                                                                           40,000 Bank Service Charge for December                                  5,000 NSF Check                                                                       50,000 Outstanding Checks                                                      675,000 What is the Balance per book? a. 3,550,000 b. 3,660,000 c. 3,610,000

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 5EA: The bank reconciliation shows the following adjustments: Deposits in transit: $1,234 Outstanding...
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In preparing the bank reconciliation for the month of December, KIMMY Company provided the following data:

Balance per bank statement                                     3,800,000
Deposit in Transit                                                         520,000
Amount erroneously credited by bank to KIMMY Company’s account                                                                           40,000
Bank Service Charge for December                                  5,000
NSF Check                                                                       50,000
Outstanding Checks                                                      675,000

What is the Balance per book?

a. 3,550,000
b. 3,660,000
c. 3,610,000

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