In preparing its bank reconciliation for the month of march, Ask an Expert

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In preparing its bank reconciliation for the month of March 2006, Derby Company has available the following information:

Balance per bank statement, 3/31/06 $36,050
Deposit in transit, 3/31/06 6,250
Outstanding checks, 3/31/06 5,750
Credit erroneously recorded by bank in Derby's account, 3/12/06 250

Bank service charges for March 50

What should be the correct balance of cash at March 31, 2006?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M953484

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