Cornerstone Exercise 4-17 (Algorithmic)Bank Reconciliation The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30. The following items were identified: Bellows' book balance $28,750 Outstanding checks 900 Interest earned on checking account 62 Customer's NSF check returned by the bank 395 In addition, Bellows made an error in recording a customer's check; the amount was recorded in cash receipts as $370; the bank recorded the amount correctly as $730. Required: What amount will Bellows report as its adjusted cash balance at April 30, 2019?
Cornerstone Exercise 4-17 (Algorithmic)Bank Reconciliation The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30. The following items were identified: Bellows' book balance $28,750 Outstanding checks 900 Interest earned on checking account 62 Customer's NSF check returned by the bank 395 In addition, Bellows made an error in recording a customer's check; the amount was recorded in cash receipts as $370; the bank recorded the amount correctly as $730. Required: What amount will Bellows report as its adjusted cash balance at April 30, 2019?
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter4: Internal Control And Cash
Section: Chapter Questions
Problem 16CE
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Cornerstone Exercise 4-17 (
Bank Reconciliation
The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30. The following items were identified:
Bellows' book balance | $28,750 |
Outstanding checks | 900 |
Interest earned on checking account | 62 |
Customer's NSF check returned by the bank | 395 |
In addition, Bellows made an error in recording a customer's check; the amount was recorded in cash receipts as $370; the bank recorded the amount correctly as $730.
Required:
What amount will Bellows report as its adjusted cash balance at April 30, 2019?
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