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If the month-end bank statement shows a balance of $148000, outstanding checks are $48000, a deposit of $17000 was in transit at month end, and a check for $2300 was erroneously charged by the bank against the account, the correct balance in the cash account at month end is:

Respuesta :

jepessoa

Answer:

$119,300

Explanation:

the bank balance must be adjusted by adding the deposit in transit and the check that was charged against the account by mistake, and you must also subtract outstanding checks:

adjusted bank balance = $148,000 + $17,000 + $2,300 - $48,000 = $119,300

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