On October 31, 2018, the bank statement shows that your company has $13,456.73 in its checking account. You are aware of three o

Question

3 years ago

13

On October 31, 2018, the bank statement shows that your company has $13,456.73 in its checking account. You are aware of three o

utstanding checks that total of $2,862.19. During October, 2018, the bank rejected two deposited checks from customers totaling $ 779.19 because of insufficient funds and charged you $22.00 in service fees. You had not yet received notice about the bad checks, but you were aware of and have recorded the $22.00 of service fees. Prior to adjustment on October 31, 2018, your Cash account would have a balance of: (Round your answer to 2 decimal places.)

Business