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The Conner Company's August 31 pre-reconcilation cash belance on Its books was $99,500. As of August 31, outstanding checks total $47,800 and deposits In transit total $31,900. Assuming there are no other reconciling tems, what was the August 31 cash balance on Conner's bank statement? Multiple Choice $83,600. $15,900. $99,500.

The Conner Company's August 31 pre-reconcilation cash belance on Its books was $99,500. As of August 31, outstanding checks total $47,800 and deposits In transit total $31,900. Assuming there are no other reconciling tems, what was the August 31 cash balance on Conner's bank statement? Multiple Choice $83,600. $15,900. $99,500.

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 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...
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The Conner Company's August 31 pre-reconcilliation cash balance on its books was $99,500. As of August 31, outstanding checks total $47,800 and deposits in transit total $31,900. Assuming there are no other reconciling Items, what was the August 31 cash balance on Conner's bank statement? Multiple Choice $83,600. O$15,900. $99,500. $115,400. Prev 31 of. 67 田 Next >
Transcribed Image Text:The Conner Company's August 31 pre-reconcilliation cash balance on its books was $99,500. As of August 31, outstanding checks total $47,800 and deposits in transit total $31,900. Assuming there are no other reconciling Items, what was the August 31 cash balance on Conner's bank statement? Multiple Choice $83,600. O$15,900. $99,500. $115,400. Prev 31 of. 67 田 Next >
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