Question

Brockton Carpet Cleaning prepares a bank reconciliation at the end of every month. At the end of July, the balance in the general ledger checking account was $2,830 and the bank balance on the bank statement was $3,020. Outstanding checks totaled $720 and deposits in transit were $440. The bank statement revealed that a check written for $160 was incorrectly recorded by Brockton as a $260 disbursement. The bank statement listed service charges and NSF check charges totaling $190. The corrected cash balance is:

Answer 1

Sollution

The corrected cash balance is:$2740

Brockton Carpet Cleaning
Bank Reconciliation Statement
july
Balance as Per Bank Statement		$3,020
Add: Deposits in transit		$440
		$3,460
Less: Outstanding Checks		$720
Adjusted Bank Balance		$2,740
Balance as per books		$2,830
Add:check for $160 was incorrectly recorded by Brockton as a $260 disbursement		$100
		$2,930
Less:
service charges and NSF check charges		$190
Adjusted Balance per books		$2,740