Wilbur Company's monthly bank statement showed an ending balance of $36,928. The bank reconciliation included a deposit in transit, $3,274; outstanding checks, $4,340; an "NSF" check, $1,576; a bank service charge, $50; and proceeds of a customer's note collected by the bank, $4,600. The correct cash balance at the end of the month is

Question

Quizplus · Accepted Answer

The Answer of Wilbur Company's monthly bank statement showed an ending balance of $36,928. The bank reconciliation included a deposit in transit, $3,274; outstanding checks, $4,340; an "NSF" check, $1,576; a bank service charge, $50; and proceeds of a customer's note collected by the bank, $4,600. The correct cash balance at the end of the month is

Wilbur Company's Monthly Bank Statement Showed an Ending Balance of $36,928