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AlexFokin [52]
3 years ago
9

The following information was taken from a company’s bank reconciliation at the end of the year:

Business
1 answer:
nekit [7.7K]3 years ago
4 0

Answer:

The correct cash balance that should be reported in the company's balance sheet at the end of the year is $3,800

Explanation:

The computation of the correct cash balance is shown below:

= Bank balance + Deposits outstanding - Checks outstanding

= $8,100 + $4,100 - $8,400

= $3,800

The other items which are given in the question are related to the bank balance. So, we do not consider it in the computation part. It already adjusted to the bank balance. Hence, we ignored it.

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