Business, 30.03.2020 19:33 2024daisjavien

Harry Smith has just received the monthly bank statement at September 30 from City National Bank, and the statement shows an ending balance of $545. Smith’s Cash account shows a September 30 cash balance of $1,823. Listed on the statement are an EFT rent collection of $325, a service charge of $8, two NSF checks totaling $125, and a $10 charge for printed checks. In reviewing his cash records, Smith identifies outstanding checks totaling $609 and a September 30 deposit in transit of $1,790. During September, he recorded a $310 check for the salary of a part-time employee as $31. What is Harry's "true" cash balance?

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Harry Smith has just received the monthly bank statement at September 30 from City National Bank, an...

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