The bank shows a cash balance of $17,300 while the company has a cash balance of

Question

The bank shows a cash balance of $17,300 while the company has a cash balance of $9,000. Using the following information, calculate the reconciled balance of cash: Bank service fees = $2,400 Deposits outstanding = $11,000 Note receivable collected by the bank = $8,000 Checks outstanding = $15,000 Non-sufficient funds (NSF) checks = $1,300

$13,300

$28,300

$28,600

$34,600

$9,300

PLEASE EXPLAIN ANSWER

The bank shows a cash balance of $17,300 while the company has a cash balance of $9,000. Using the following information, calculate the reconciled balance of cash: Bank service fees = $2,400 Deposits outstanding = $11,000 Note receivable collected by the bank = $8,000 Checks outstanding = $15,000 Non-sufficient funds (NSF) checks = $1,300

Selected Answer:

[None Given]

Answers: A.

$13,300

B.

$28,300

C.

$28,600

D.

$34,600

E.

$9,300

PLEASE EXPLAIN ANSWER

Explanation / Answer

The bank shows a cash balance of $17,300 while the company has a cash balance of

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