Woods Company recorded the following entries related to its bank reconciliation for October 31:
* Increase to cash and decrease to accounts receivable** Increase to accounts receivable and decrease to cashRequired:Assuming that the unadjusted cash balance on Woods's books was $8,354.28, what was the true cash balance at the end of the month?Prepare the portion of the bank reconciliation that begins with the unadjusted book balance and ends with the true cash balance.

Question

Woods Company recorded the following entries related to its bank reconciliation for October 31:
  * Increase to cash and decrease to accounts receivable** Increase to accounts receivable and decrease to cashRequired:Assuming that the unadjusted cash balance on Woods's books was $8,354.28, what was the true cash balance at the end of the month?Prepare the portion of the bank reconciliation that begins with the unadjusted book balance and ends with the true cash balance.

Quizplus · Accepted Answer

The Answer of Woods Company recorded the following entries related to its bank reconciliation for October 31:
  * Increase to cash and decrease to accounts receivable** Increase to accounts receivable and decrease to cashRequired:Assuming that the unadjusted cash balance on Woods's books was $8,354.28, what was the true cash balance at the end of the month?Prepare the portion of the bank reconciliation that begins with the unadjusted book balance and ends with the true cash balance.

Woods Company Recorded the Following Entries Related to Its Bank