What is the company''s actual or true cash balance


Brazos Supply Company just received the monthly bank statement from its bank. The bank statements shows an ending cash balance of $45,000. Additional information pertaining to the bank account:

outstanding checks total $20,000
deposit in transit amounts to $5,000
bank service charges are $35
NSF check returned with the bank statement amounts to $250
ending Cash balance per company books, $??

What is the company's actual or true cash balance at the end of the month?

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is the company''s actual or true cash balance
Reference No:- TGS091305

Expected delivery within 24 Hours