Solved

As of May 31, the Bank Statement of Flore Company

Question 21

Essay

As of May 31, the bank statement of Flore Company showed an ending balance of $8,632.52. The following information was available:
 Bank service charge $35.00 Outstanding checks 2,480.36 NSF check from a customer 127.50 Deposit in transit 799.55 Deposit exroneously recorded in Flores’s account 229.00 that should have heen recorded in Flowers ’s a account \begin{array}{lr}\text { Bank service charge }&\$35.00\\\text { Outstanding checks } & 2,480.36 \\\text { NSF check from a customer } & 127.50 \\\text { Deposit in transit } & 799.55 \\\text { Deposit exroneously recorded in Flores's account } & 229.00\\\text { that should have heen recorded in Flowers 's a account }\end{array}

Required:Compute Flore's true cash balance at May 31.

Correct Answer:

verifed

Verified

The bank service charge and NSF check ar...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions