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On January 31, Clark Company's cash balance per its general ledger is $4,280. The bank's cash balance per the January 31 bank statement is $3,100. The following information is gathered from the bank statement and company records: Checks outstanding Deposits outstanding Interest earned on bank account Multiple Choice O $3,000 $ $ $ NSF check Service fee What is the company's correct ending balance of cash on January 31, per the reconciliation? $4.380 $ $ 1,100 1,200 20 1,000 100

On January 31, Clark Company's cash balance per its general ledger is $4,280. The bank's cash balance per the January 31 bank statement is $3,100. The following information is gathered from the bank statement and company records: Checks outstanding Deposits outstanding Interest earned on bank account Multiple Choice O $3,000 $ $ $ NSF check Service fee What is the company's correct ending balance of cash on January 31, per the reconciliation? $4.380 $ $ 1,100 1,200 20 1,000 100

Century 21 Accounting General Journal
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section5.2: Bank Reconciliation
Problem 1OYO
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On January 31, Clark Company's cash balance per its general ledger is $4,280. The bank's cash balance per the January 31 bank statement is $3,100. The following information is gathered from the bank statement and company records: Checks outstanding Deposits outstanding Interest earned on bank account NSF check Service fee Multiple Choice O $3,000 What is the company's correct ending balance of cash on January 31, per the reconciliation? O $4,380 O $2,020 $ $3,200 $ $ $ 1,100 1,200 20 1,000 100
Transcribed Image Text:On January 31, Clark Company's cash balance per its general ledger is $4,280. The bank's cash balance per the January 31 bank statement is $3,100. The following information is gathered from the bank statement and company records: Checks outstanding Deposits outstanding Interest earned on bank account NSF check Service fee Multiple Choice O $3,000 What is the company's correct ending balance of cash on January 31, per the reconciliation? O $4,380 O $2,020 $ $3,200 $ $ $ 1,100 1,200 20 1,000 100
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