As of May 31, 2014, the bank statement for Feldman Corporation showed an ending balance of $17,632.52. The following information was available: $\begin{array}{llr}
\text { 1) } & \text { Deposits in transit } & \$ 3,145.00 \
2) & \text { Credit memo for interest earned } & \$ 80.00 \
3) & \text { Outstanding checks } & \$ 6,790.50 \
4) & \text { Service charge } & \$ 39.00
\end{array}$
Required:
Compute the true cash balance at May 31, 2014.

Question

As of May 31, 2014, the bank statement for Feldman Corporation showed an ending balance of $17,632.52. The following information was available: $\begin{array}{llr}
\text { 1) } & \text { Deposits in transit } & \$ 3,145.00 \
2) & \text { Credit memo for interest earned } & \$ 80.00 \
3) & \text { Outstanding checks } & \$ 6,790.50 \
4) & \text { Service charge } & \$ 39.00
\end{array}$ 
Required:
Compute the true cash balance at May 31, 2014.

Quizplus · Accepted Answer

The Answer of As of May 31, 2014, the bank statement for Feldman Corporation showed an ending balance of $17,632.52. The following information was available: $\begin{array}{llr}
\text { 1) } & \text { Deposits in transit } & \$ 3,145.00 \
2) & \text { Credit memo for interest earned } & \$ 80.00 \
3) & \text { Outstanding checks } & \$ 6,790.50 \
4) & \text { Service charge } & \$ 39.00
\end{array}$ 
Required:
Compute the true cash balance at May 31, 2014.

As of May 31, 2014, the Bank Statement for Feldman