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22. Trump is preparing his bank reconciliation. The cash balance in his general ledger is $3,750 credit. The only items
Posted: Wed May 04, 2022 6:27 am
by answerhappygod
- 22 Trump Is Preparing His Bank Reconciliation The Cash Balance In His General Ledger Is 3 750 Credit The Only Items 1 (36.05 KiB) Viewed 29 times
22. Trump is preparing his bank reconciliation. The cash balance in his general ledger is $3,750 credit. The only items which need to be dealt with are: (i) a cheque for $2,466 issued to a supplier which has not yet appeared on the bank statement; (ii) a cheque received from a credit customer of $1,701 has been dishonoured, Trump has not yet recorded this. (iii) Bank charges of $735 have been debited by the bank, but not yet recorded by Trump. What is the ending balance on Trump's bank statement (before adjusting for any of the above items)? (A) $6,186 debit balance (B) $3,750 credit balance (C) $5,520 debit balance (D) $3,720 debit balance