As of May 31, the bank statement of Flore Company showed an ending balance of $8,632.52. The following information was available:
$\begin{array}{lr}
\text { Bank service charge }&\$35.00\
\text { Outstanding checks } & 2,480.36 \
\text { NSF check from a customer } & 127.50 \
\text { Deposit in transit } & 799.55 \
\text { Deposit exroneously recorded in Flores's account } & 229.00\
\text { that should have heen recorded in Flowers 's a account }
\end{array}$

Required:Compute Flore's true cash balance at May 31.

Question

As of May 31, the bank statement of Flore Company showed an ending balance of $8,632.52. The following information was available:
 $\begin{array}{lr}
\text { Bank service charge }&\$35.00\
\text { Outstanding checks } & 2,480.36 \
\text { NSF check from a customer } & 127.50 \
\text { Deposit in transit } & 799.55 \
\text { Deposit exroneously recorded in Flores's account } & 229.00\
\text { that should have heen recorded in Flowers 's  a account }
\end{array}$
 
Required:Compute Flore's true cash balance at May 31.

Quizplus · Accepted Answer

The Answer of As of May 31, the bank statement of Flore Company showed an ending balance of $8,632.52. The following information was available:
 $\begin{array}{lr}
\text { Bank service charge }&\$35.00\
\text { Outstanding checks } & 2,480.36 \
\text { NSF check from a customer } & 127.50 \
\text { Deposit in transit } & 799.55 \
\text { Deposit exroneously recorded in Flores's account } & 229.00\
\text { that should have heen recorded in Flowers 's  a account }
\end{array}$
 
Required:Compute Flore's true cash balance at May 31.

As of May 31, the Bank Statement of Flore Company