The cash balance in abc companys general ledger is 14000, Ask an Expert

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The cash balance in ABC Company's general ledger is $14,000 and the cash balance shown on its bank statement is $19,000. Reconciling items include outstanding checks totaling $8,000, deposits in transit totaling $4,000, unrecorded bank service charges of $1,000, and interest revenue shown on the bank statement of $2,000. For what amounts should ABC Company make adjusting entries?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9411877

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