You Just Joined XYZ Company as Their Junior Accountant Your Review the Bank Statement at June 30 Shows That
Multiple Choice
You just joined XYZ Company as their junior accountant. Your first task is to prepare a bank reconciliation in good form at June 30. Your boss provides you with the bank statement and the following information from the accounting records at June 30 Your review the bank statement at June 30 shows that a cheque incorrectly recorded by company as $2,500 was correctly recorded by the bank at $2,050. What is the unadjusted (opening) balance of cash in XYZ's general ledger on June 30?
A) $15,470
B) $14,285
C) $14,570
D) $16,703
E) $16,470
Correct Answer:

Verified
Correct Answer:
Verified
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