Reconciliation of cash account
Bestway Corp.’s book balance of the cash account shows an unadjusted balance of $72,000 before reconciliation. The following data was also available:
1. The bank statement does not include a deposit of $3,100 made on the last day of the month.
2. The bank statement shows a collection of a note receivable by the bank of $1,400 and a customer's cheque for $420 was returned because it was NSF.
3. A customer's cheque for $450 was recorded on the books as $540.
4. A cheque written for $185 was recorded as $851.
Instructions
Calculate the correct balance in the cash account.

Question

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The Answer of Reconciliation of cash account
Bestway Corp.’s book balance of the cash account shows an unadjusted balance of $72,000 before reconciliation. The following data was also available:
1. The bank statement does not include a deposit of $3,100 made on the last day of the month.
2. The bank statement shows a collection of a note receivable by the bank of $1,400 and a customer's cheque for $420 was returned because it was NSF.
3. A customer's cheque for $450 was recorded on the books as $540.
4. A cheque written for $185 was recorded as $851.
Instructions
Calculate the correct balance in the cash account.

Reconciliation of Cash Account