true cash balance?

Question

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.

Answer 1

You can't round the the answer to 2 decimal places. It already IS 2 decimal places, as are ALL $ amounts in the question. If you can't balance a checkbook, drop out of your accounting class and take a JUNIOR HIGH math class.

$29,762.03. I won't tell you how to get the answer. You need to learn that for yourself.