You're doing a monthly bank reconciliation and have the following information: Question Current book balance: $20,250 Balance per bank statement: $18,000 Outstanding checks: $2,000 Bank fees: $150 Deposits in transit: $8,000 What is the reconciled cash amount?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 5EA: The bank reconciliation shows the following adjustments: Deposits in transit: $1,234 Outstanding...
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You're doing a monthly bank reconciliation and have the following information:

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Current book balance: $20,250

Balance per bank statement: $18,000

Outstanding checks: $2,000

Bank fees: $150

Deposits in transit: $8,000

What is the reconciled cash amount?

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