Rexrode Company's bank statement at January 31 showed an ending balance of $24,712.80. The unadjusted cash account balance for Rexrode is $21,245.75. The following data were gathered by Rexrode's accountant:
Outstanding checks as of January 31: $4,895.44NSF check from customer: $183.62Debit memo for bank service charge: $20.00Credit memo for interest earned: $12.00Deposits in transit: $1,236.77
Required:a)Determine the true cash balance by preparing a bank reconciliation as of January 31.

Question

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The Answer of Rexrode Company's bank statement at January 31 showed an ending balance of $24,712.80. The unadjusted cash account balance for Rexrode is $21,245.75. The following data were gathered by Rexrode's accountant:
Outstanding checks as of January 31: $4,895.44NSF check from customer: $183.62Debit memo for bank service charge: $20.00Credit memo for interest earned: $12.00Deposits in transit: $1,236.77
Required:a)Determine the true cash balance by preparing a bank reconciliation as of January 31.

Rexrode Company's Bank Statement at January 31 Showed an Ending