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Q: If the month-end bank statement shows a balance of $54,000, outstanding checks are $18,000, a deposit of $6,000 was in transit at month end, and a check for $750 was erroneously charged by the bank
against the account, the correct balance in the bank account at month end is
A: If the month-end bank statement shows a balance of $54,000, outstanding checks are $18,000, a deposit of $6,000 was in transit at month end, and a check for $750 was erroneously charged by the bank against the account, [ the correct balance in the bank account at month end is: 54,000 - 18,000 + 6,000 + 750 = 42,750 ]
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Asked 3/8/2013 7:10:52 PM
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