The accountant for Beaume Corp. was preparing a bank reconciliation as of April 30. The following items were identified:Beaume's book balance$43,145Outstanding cheques900Interest earned on chequing account63Customer's NSF cheque returned by the bank375In 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?

Bank reconciliation: Bank reconciliation is a statement which is prepared to reconcile the cash…

Answered: The accountant for Beaume Corp. was…

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter8: Internal Control And Cash

Section: Chapter Questions

Problem 21E

See similar textbooks

Related questions

Concept explainers

Question

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

Beaume's book balance	$43,145
Outstanding cheques	900
Interest earned on chequing account	63
Customer's NSF cheque returned by the bank	375

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?

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions