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How much cash should x company show on october

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Reference no: EM131737360

Question - X Company used the following items to complete its bank reconciliation for the month of October:

Deposits in transit were $2,500.

Outstanding checks totaled $1,100.

Bank service charges were $10.

The company correctly wrote a check for $192, but mistakenly recorded the check as $129 on its books. The bank cashed the check correctly for $192.

A customer's check for $50 was returned by the bank, NSF.

According to the bank statement, the cash balance was $10,000. How much cash should X company show on October 31 balance sheet?

Reference no: EM131737360

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