The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: cash balance according to the company's records at July 31, $32,110cash balance according to the bank statement at July 31, $31,350checks outstanding, $2,870deposit in transit, not recorded by the bank, $4,150a check for $170 in payment of an account was erroneously recorded in the check register as $710service charges, $20Was is the reconciled bank balance?

Bank Reconciliation Statement: Bank statement is prepared by bank. The company maintains its own…

Answered: The following data were accumulated for…

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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The following data were accumulated for use in reconciling the bank account of Mathers Co. for July:

cash balance according to the company's records at July 31, $32,110
cash balance according to the bank statement at July 31, $31,350
checks outstanding, $2,870
deposit in transit, not recorded by the bank, $4,150
a check for $170 in payment of an account was erroneously recorded in the check register as $710
service charges, $20

Was is the reconciled bank balance?

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