Solution-What dollar amount should be deducted from the

What dollar amount should be deducted from the balance

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Reference no: EM131728015

Question - You are doing a bank reconciliation for May, 2010. You have a $2,785 unadjusted ledger cash balance and the following data:

Outstanding checks: $200, $800, $625
Deposits in transit: $1,200
Check written for $505 but incorrectly recorded as $550
NSF check from a customer: $500
Bank service charge for May: $5
Balance per bank statement: $2,750

What dollar amount should be deducted from the balance per bank statement?

A) $1,425

B) $1,625

C) $505

D) $2,125

Reference no: EM131728015

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What dollar amount should be deducted from the balance

Reference no: EM131728015

Reference no: EM131728015

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