(Answered) The following information pertains to the bank transactions

Accounting

The following information pertains to the bank transactions of Rawlins Company:

Cash on the books as of April 30 was $499. Cash as shown on the bank statement for the same date was $1,330.

A deposit of $160, representing cash receipts as of April 30, did not appear on the bank statement.

Outstanding checks totaled $240.

Bank service charges for April amounted to $9

The bank collected for Rawlins Company $840 (which includes $40 interest) on a note left for collection.

An NSF check for $80 from a customer, Joe Beck, was returned with the statement.

What amount would appear on the Balance Sheet? (Show your work)

a. $1,250

b. $1,330

c. $ 499

d. None of the above

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