lenore, incorporated gathered the following information from its accounting records and the october bank statement to prepare the october bank reconciliation:

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11-10-2022
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lenore, incorporated gathered the following information from its accounting records and the october bank statement to prepare the october bank reconciliation:

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abiolataiwo2015 abiolataiwo2015 · Answer 1 · 2022-10-18T14:11:14+02:00

If Lenore, Inc. gathered the following information from its accounting records and the October bank statement. The up-to-date ending cash balance on October 31 is: $6,710.

Ending cash balance

Using this formula to determine or find the up-to-date ending cash balance

October up-to-date ending cash balance = Ending cash balance per books + Interest received from the bank − Bank service charge − NSF

Let plug in the formula

October up-to-date ending cash balance = $5,400 + $1,800 − $220 − $270

October up-to-date ending cash balance = $6,710

Therefore we can conclude that the ending cash balance is the amount of #6,170

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The complete question is:

Lenore, Inc. gathered the following information from its accounting records and the October bank statement to prepare the October bank reconciliation:

Ending cash balance per books, 10/31 $ 5,400

Deposits in transit 530

Interest received from bank 1,800

Bank service charge for check printing 220

Outstanding checks 3,900

NSF check of T. Owens 270

The up-to-date ending cash balance on October 31 is:

.