Before reconciling its bank statement,Rollin Corporation's general ledger had a month-end balance in the cash account of $9,450.The bank reconciliation for the month contained the following items: Given the above information,what up-to-date ending cash balance should Rollin report at month-end?
A)$8,100
B)$8,676
C)$9,288
D)$10,062

Question

Before reconciling its bank statement,Rollin Corporation's general ledger had a month-end balance in the cash account of $9,450.The bank reconciliation for the month contained the following items:  Given the above information,what up-to-date ending cash balance should Rollin report at month-end?
A)$8,100 
B)$8,676 
C)$9,288 
D)$10,062

Quizplus · Accepted Answer

Up-to-Date Ending cash balance per books = Ending cash balance per books + Interest earned − NSF check − Bank service charge
= $9,450 + $36 − $180 − $18 = $9,288

Before Reconciling Its Bank Statement,Rollin Corporation's General Ledger Had a Month-End