Ramsey Company's true cash balance at October 31, 2013 is $3,710. The following information is available for the bank reconciliation: Outstanding checks, $600
Deposits in transit, $450
Bank service charges, $90
The bank had collected an account receivable for Ramsey Company, $1,000
The bank statement included an NSF check written by one of Ramsey's customers for $600.
Based on this information Ramsey's unadjusted book balance at October 31 is:

Question

Quizplus · Accepted Answer

X unadjusted book balance - $90 bank service charges + $1,000 collection of account receivable - $600 NSF check = $3,710 true cash balance; x = $3,710 + $90 - $1,000 + $600; X = $3,400

Ramsey Company's True Cash Balance at October 31, 2013 Is