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The following information was available to the accountant of Boots Company when preparing the monthly bank reconciliation: Outstanding cheques: #643 for $502 #651 for $43 Bank service charges $25 Deposits in transit $190 Interest received from bank $5 Customer cheque returned by bank as NSF $20 Cash balance per bank statement $975 Cash balance per books (prior to $660 reconciliation) The amount of cash that should appear on the Balance Sheet following completion of the reconciliation and adjustment of the accounting records is: Multiple Choice $660 Drov 38 of 50 Next

The following information was available to the accountant of Boots Company when preparing the monthly bank reconciliation: Outstanding cheques: #643 for $502 #651 for $43 Bank service charges $25 Deposits in transit $190 Interest received from bank $5 Customer cheque returned by bank as NSF $20 Cash balance per bank statement $975 Cash balance per books (prior to $660 reconciliation) The amount of cash that should appear on the Balance Sheet following completion of the reconciliation and adjustment of the accounting records is: Multiple Choice $660 Drov 38 of 50 Next

Financial Accounting
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
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The amount of cash that should appear on the Balance Sheet following completion of the reconciliation and adjustment of the accounting records is: Multiple Choice $660 $640 $620 $305 < Prev 38 of 50 Next >
Transcribed Image Text:The amount of cash that should appear on the Balance Sheet following completion of the reconciliation and adjustment of the accounting records is: Multiple Choice $660 $640 $620 $305 < Prev 38 of 50 Next >
The following information was available to the accountant of Boots Company when preparing the monthly bank reconciliation: Outstanding cheques: #643 for $502 #651 for $43 Bank service charges $25 Deposits in transit $190 Interest received from bank $5 Customer cheque returned by bank as NSF $20 Cash balance per bank statement $975 Cash balance per books (prior to $660 reconciliation) The amount of cash that should appear on the Balance Sheet following completion of the reconciliation and adjustment of the accounting records is: Multiple Choice $660 <Prev 38 of 50 Next m
Transcribed Image Text:The following information was available to the accountant of Boots Company when preparing the monthly bank reconciliation: Outstanding cheques: #643 for $502 #651 for $43 Bank service charges $25 Deposits in transit $190 Interest received from bank $5 Customer cheque returned by bank as NSF $20 Cash balance per bank statement $975 Cash balance per books (prior to $660 reconciliation) The amount of cash that should appear on the Balance Sheet following completion of the reconciliation and adjustment of the accounting records is: Multiple Choice $660 <Prev 38 of 50 Next m
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