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slamgirl [31]
3 years ago
14

Kingbird, Inc. developed the following reconciling information in preparing its December bank reconciliation: Cash balance per b

ank, 12/31 $27400 Note receivable collected by bank 13700 Outstanding checks 20500 Deposits in transit 10300 Bank service charge 170 NSF check 2700 Using the above information, determine the cash balance per books (before adjustments) for the Kingbird, Inc..
Business
1 answer:
hodyreva [135]3 years ago
7 0

Answer:

$38,230

Explanation:

To determine the cash balance per books for Kingbird, Inc., we can use the following formula:

cash balance per books = cash balance per bank + notes receivable collected by bank  -  bank service charge -  NSF check

cash balance per books = $27,400 + $13,700 - $170 - $2,700 = $38,230

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