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What is the balance of cash per books at December

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Reference no: EM132882006

Problem - Kingston Company's bank reconciliation for the month of November 2019 follows:

Balance per bank statement, 11/30/2019 $18,040

Add: Deposit in transit 4,150 $22,190

Less: Outstanding checks $6,300

Bank credit recorded in error 20 (6,320)

Balance per books, 11/30/2019 $15,870

Data for the month of December 2019 follow:

Per bank:

December deposits $26,100

December disbursements 22,420

Balance, 12/31/2019 21,720

All items that were outstanding as of November 30 cleared through the bank in December, including the bank credit. In addition, $2,500 in checks were outstanding as of December 31, 2019. What is the balance of cash per books at December 31, 2019?

Reference no: EM132882006

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