Wadi Bani Khalid Company had the following information for October 2020: Cash balance per bank statement, 31/10 RO 26,000 Note receivable collected by bank 8,000 Outstanding checks 12,000 Deposits in transit 6,000 Bank service charge 100 NSF check 1,600 The cash balance per the books on 31/10 before the adjustments is: Select one: a. c. RO 5,700. b. b. RO 24,000. c. d. RO 20,000. d. a. RO 13,700. e. None of the answers are correct

Wadi Bani Khalid Company had the following information for October 2020: Cash balance per bank statement, 31/10 RO 26,000 Note receivable collected by bank 8,000 Outstanding checks 12,000 Deposits in transit 6,000 Bank service charge 100 NSF check 1,600 The cash balance per the books on 31/10 before the adjustments is: Select one: a. c. RO 5,700. b. b. RO 24,000. c. d. RO 20,000. d. a. RO 13,700. e. None of the answers are correct

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 9EB: Using the following information, prepare a bank reconciliation. Bank balance: $7,651 Book balance:...

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