Heidi Company developed the following reconciling information in preparing its September bank reconciliation:

Using the above information, determine the cash balance per books (before adjustments) for Heidi Company.

Question

Heidi Company developed the following reconciling information in preparing its September bank reconciliation:

Using the above information, determine the cash balance per books (before adjustments) for Heidi Company.

Quizplus · Accepted Answer

$32,000 cash balance per bank - $16,000 note collected by bank - $24,000 outstanding checks + $12,000 deposits-in-transit + $200 bank service charge + $4,000 NSF check = $8,200 cash balance per books (before adjustments).

Heidi Company Developed the Following Reconciling Information in Preparing Its