Answer:
Harry's "true" cash balance= $1726
Explanation:
Harry Smith Bank reconciliation for 30 September is recorded as follows
BANK:
Balance as at September 30...................................................$545
Add: Deposit in transit .....................................................................$1790
Total ........................................................................................$2335
Less: outstanding checks .............................................................$609
Total adjusted bank balance ........... ...............................................$1726
BOOKS:
Balance as at September 30 ................................................................$1823
Add: EFT rent Collection ...................................................................$325
Total ..................................................................................................... $2184
Less:
Service charge ............................................................................................ $8
Printed check charges .................................................................... .............$10
NSF checks .................................................................................................. $125
Book error correction ( recorded a $310 check as $31 .............................. $279
Total ...................... ...................... ...................... ...................... ......................$422
Now Adjusted book balance = total in Add - total in less = $2184 - $422 =$1726
Harry's "true" cash balance= $1726
