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You're doing a monthly bank reconciliation and have the following information:
Current book balance: $19,250
Balance per bank statement: $15,000
Outstanding checks: $2,000
Bank fees: $250
Deposits in transit: $6,000
What is the reconciled cash amount?
A) 13,250
B) 17,000
C) 19,000
D) 20,750
E) 21,250

Respuesta :

The reconciled cash amount is $19,000.

  • Bank reconciliation statement:

Current book balance $19,250

Less: Bank fee ($250)

Reconciled cash amounts $19,000

Balance per bank statements $15,000

Add:Deposit in transit $6,000

Less:Outstanding Checks ($2,000)

Reconciled Cash Balance $19,000

Therefore we can conclude that The reconciled cash amount is $19,000.

Learn more about the cash here: brainly.com/question/10776890

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