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Rainey Company's true cash balance at October 31 is $8,710. The following information is available...

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Question

Accounting

Rainey Company's true cash balance at October 31 is $8,710. The following information is available for the bank reconciliation:

Outstanding checks, $550

Deposits in transit, $1,150

Bank service charges, $90

The bank had collected an account receivable for Rainey Company, $1,000

The bank statement included an NSF check written by one of Ramsey's customers for $600.

Based on this information Rainey's unadjusted bank balance at October 31 is:

Bank Reconciliation

Unadjusted Bank Balance

_________

Add:

Subtract:

True Cash Balance

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