Delwood Furniture Company has provided the following information: Ending cash balance per bank statement is $14,862...

Delwood Furniture Company has provided the following information:

Ending cash balance per bank statement is $14,862

Monthly bank service charge is $25

Deposits in transit at month-end are $1,218

Outstanding checks at month-end are $4,344

Customer's check returned-NSF is $174

What would be the cash balance per the company records, prior to recording any journal entries resulting from the bank reconciliation?

Expert Solution


Bank reconciliation Statement
Particulars	Amount
Cash balance per bank	14,862.00
Add Monthly bank service charge	25.00
Deposits in transit	1,218.00
Outstanding checks	(4,344.00)
Customer's check returned-NSF	174.00
cash balance per the company records	11,935.00

ekkarill92 answered 3 years ago

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