Kenny Companys bank statement showed an ending balance of $3,506 at July 31, 2021. The...
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Kenny Companys bank statement showed an ending balance of $3,506 at July 31, 2021. The bank statement also showed a bank service charge for $30, an EFT collection of $1,000, and check #254 written to a supplies vendor in the amount of $98. Check #254 was recorded in the cash payments journal for $89. The deposit made on July 31, 2021 of $1,670 was still in transit, and outstanding checks totaled $1,285. What is the unadjusted cash balance in the ledger at July 31, 2021?
1 Cash Balances Cash balance before AJES Per Bank Statement Per Books 1 Adjustments to the bank balance Adjustments to the book balance + Deposits in transit Outstanding checks +/- Bank errors + EFT collections and other deposits NSF (bounced) checks Service charges and other payments +/- Company errors CORRECT BALANCE CORRECT BALANCE CORRECTED CASH BALANCE AFTER ADJUSTMENTS Kenny Company's bank statement showed an ending balance of $3,506 at July 31, 2021. The bank statement also showed a bank service charge for $30, an EFT collection of $1,000, and check #254 written to a supplies vendor in the amount of $98. Check #254 was recorded in the cash payments journal for $89. The deposit made on July 31, 2021 of $1,670 was still in transit, and outstanding checks totaled $1,285. What is the unadjusted cash balance in the ledger at July 31, 2021
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