D. $2,500 E. $4,400 2. Moose Company found the following reconciling information in preparing its...
80.2K
Verified Solution
Link Copied!
Question
Accounting
D. $2,500 E. $4,400 2. Moose Company found the following reconciling information in preparing its October bank reconciliation: Cash balance per bank, October 31 Note receivable collected by bank Outstanding checks Deposits-in-transit Bank Service charge NSF check $11,000 4,000 6,000 3,000 50 800 Additionally, Moose discovered the following errors: 1. Check written to Elk Company for $64 was incorrectly recorded by Moose for $46. 2. Check deposited by Moose was recorded on the books for $5, but correctly recorded by the bank for $53. Determine the cash balance per books-(before reconciling items are posted) for Moose Company. A. $ 4,880 B. $4,916 C. $3,920 D. $4,820 E. $4,784 ((,000) 3,c00 50) 800) IE) a,cee * oo om na n vaccepted a six-month, $12,000, 9% note issued by Blue Corporation on
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!