The bank statement for Rodney's Lawn Maintenance had an ending balance as of March 31 of $25,450.85. Also listed on the statement was a service charge for $21. Check No. 1825 that Rodney's wrote to pay for equipment purchased March 30 had not cleared the bank yet—the amount was $5,415. Deposits in transit were $7,850.25. Rodney's bank collected a $1,275 note for the firm in March. After reviewing the bank statement and cancelled checks, Rodney's discovered that the bank mistakenly deducted $1,875.93 from the firm's account on a check that was written by Rogers's Lawn Maintenance.
Calculate the true cash balance as of March 31. (Round your answer to 2 decimal places.
2007-10-23
13:53:05
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1 answers
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asked by
Anonymous