Calculate the reconciled company cash balance


Problem: A company's general ledger shows cash balance of $2,400. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as deposits outstanding of $1,710, note receivable collected by the bank on the company's behalf of $1,500, and interest earned of $29. The company also finds an error by the bank of an additional deposit of $180.

Calculate the reconciled company's cash balance.

 

 

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Accounting Basics: Calculate the reconciled company cash balance
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