In preparing its august 31 2012 bank reconciliation bing, Ask an Expert

Accounting

In preparing its August 31, 2012 bank reconciliation, Bing Corp. has available the following information:
Balance per bank statement, 8/31/12 $18,650
Deposit in transit, 8/31/12 3,900
Return of customer's check for insufficient funds, 8/30/12 600
Outstanding checks, 8/31/12 2,750
Bank service charges for August 100
At August 31, 2012, what is the Bing's correct cash balance ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M947830

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