The April 30 bank statement for KMaxx Company and the April ledger account for cash...
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Accounting
The April bank statement for KMaxx Company and the April ledger account for cash are summarized here:
No outstanding checks and no deposits in transit were noted in March. However, there are deposits in transit and checks outstanding at the end of April. The EFT involved an automatic monthly payment to one of KMaxx's creditors. Check # was correctly written for $ The NSF check had been received from a customer.
What should the balance in the Cash account be after the reconciliation journal entries are posted?
alance in Cash Account
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