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Oduvanchick [21]
3 years ago
5

Bank Reconciliation The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30. The following items wer

e identified: Bellows' book balance $28,750 Outstanding checks 900 Interest earned on checking account 74 Customer's NSF check returned by the bank 373 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?
Business
1 answer:
Scilla [17]3 years ago
3 0

Answer:

$27,911

Explanation:

Bellows Corp.

Bank reconciliation

As of April 30

Unadjusted book balance    $28,750

Less:

Outstanding checks                  $900

NSF Checks                             $373

Add:

Interest earned                           $74

Error correction                       <u> $360 </u>

Adjusted book balance     <u>$27,911</u>

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