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On March 31,2020, XXX Company receive its bank statement. However, closing balance of the account was unreadable. Attempts to contact the bank after hours did not secure the desired information. The following data are available in preparing a bank reconciliation: the February 28,book balance Note collected by bank 1,460,000 100,000 Interest earned on note 10,000 130,000 2,000 3,000 NSF check of customer Bank service charge on NSF check Other bank services Outstanding checks Deposit of February 28 placed in night depository Check issued by YYY Company charged to XXX's Account 222,000 95,000 20,000 10. What is the cash balance per bank statement?

On March 31,2020, XXX Company receive its bank statement. However, closing balance of the account was unreadable. Attempts to contact the bank after hours did not secure the desired information. The following data are available in preparing a bank reconciliation: the February 28,book balance Note collected by bank 1,460,000 100,000 Interest earned on note 10,000 130,000 2,000 3,000 NSF check of customer Bank service charge on NSF check Other bank services Outstanding checks Deposit of February 28 placed in night depository Check issued by YYY Company charged to XXX's Account 222,000 95,000 20,000 10. What is the cash balance per bank statement?

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter7: Internal Control And Cash
Section: Chapter Questions
Problem 21E
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On March 31,2020, XXX Company receive its bank statement. However, the closing balance of the account was unreadable. Attempts to contact the bank after hours did not secure the desired information. The following data are available in preparing a bank reconciliation: February 28,book balance Note collected by bank 1,460,000 100,000 Interest earned on note 10,000 NSF check of customer 130,000 Bank service charge on NSF check 2,000 Other bank services 3,000 Outstanding checks Deposit of February 28 placed in night depository 222,000 95,000 Check issued by YYY Company charged to XXX's Account 20,000 10. What is the cash balance per bank statement?
Transcribed Image Text:On March 31,2020, XXX Company receive its bank statement. However, the closing balance of the account was unreadable. Attempts to contact the bank after hours did not secure the desired information. The following data are available in preparing a bank reconciliation: February 28,book balance Note collected by bank 1,460,000 100,000 Interest earned on note 10,000 NSF check of customer 130,000 Bank service charge on NSF check 2,000 Other bank services 3,000 Outstanding checks Deposit of February 28 placed in night depository 222,000 95,000 Check issued by YYY Company charged to XXX's Account 20,000 10. What is the cash balance per bank statement?
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