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Goshia [24]
3 years ago
10

If the month-end bank statement shows a balance of $72,000, outstanding checks are $54,000, a deposit of $15,000 was in transit

at month end, and a check for $3,000 was erroneously charged by the bank against the account, the correct balance in the bank account at month end is a) $29,400
b) $30,000
c) $30,600
d) $41,400
Business
1 answer:
barxatty [35]3 years ago
5 0

Answer:

The correct answer was supposed to be $36,000 which is not in the given choices.

Explanation:

correct balance in the bank account

= As per bank statement balance - outstanding checks  + deposit in transit  + check erroneously charged  

= $72,000 - $54,000 + $15,000 +  $3,000

= $36,000

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