The following information pertains to Ponce Company:
Cash balance per bank statement
$14,350
Cash balance per general ledger
15,080
Bank service charge
40
Deposits in transit to bank
1,800
Outstanding checks
1,310
NSF check returned by bank
200
Ponce should show the following reconciled cash balance from the bank reconciliation on its balance sheet:
Select one:
A. $16,110
B. $16,890
C. $14,840
D. $13,540
C. $14,840
You might also like to view...
A property manager renting to a handicapped tenant could:
A. Restrict the tenant to certain areas. B. Make the tenant obey the rules of the complex. C. Refuse to let the tenant to make reasonable modifications to have enjoyment of the premises. D. Increase the customary required deposit based on their handicapped status.
If you set your calculator to the "end" mode your calculator will assume cash flows occur at the end of each time period
Indicate whether this statement is true or false.