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Determine the cash balance per Southco Limited books

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Question - The following information relates to Southco Limited's Cash account. The reconciled cash balance from June's bank reconciliation is $18,920. During the month of July, Southco recorded cash receipts of $21,700 and cash payments of $24,300 in the general ledger Cash account. An examination of the company's July bank statement shows a balance of $19,260 on July 31; outstanding cheques $3,630; deposits in transit $1,450; EFT collections on account that were not yet recorded on the books $2,170; NSF cheque $1,270; NSF fee $50; and bank service charges $90.

Required - Determine the cash balance per Southco Limited's books.

Reference no: EM132859542

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