Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 04 Aug 2017 My Price 7.00

Sterling Compan

Correct Cash Balance

Sterling Company's bank statement for the month of March included the following information:

Ending balance, March 31 $28,046
Bank service charge for March 130
Interest paid by bank to Sterling for March 107

In comparing the bank statement to its own cash records, Sterling found the following:

Deposits made but not yet recorded by the bank $3,689
Checks written and mailed but not yet recorded by the bank 6,530

In addition, Sterling discovered that it had erroneously recorded a check for $46 that should have been recorded for $64.

What is Sterling's correct Cash balance at March 31?

Answers

Maurice Tutor
(5)
Status NEW Posted 04 Aug 2017 12:08 AM My Price 7.00

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