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- October 30, 2018 at 9:38 pm #480288
Mauritz Co is preparing a bank reconciliation. The bank balance in the general ledger is $540
credit. There are two items that have not yet been dealt with.
1 A cheque for $620 was sent to a supplier but is not yet showing on the bank statement.
2 A bank charge of $28 was charged by the bank, but was not recorded by Mauritz Co.
What is the closing balance on Mauritz Co’s bank statement?
A $1,132 overdrawn
B $1,188 overdrawn
C $52 cash at bank
D $108 cash at bankHello,Sir
the correct answer has been taken C but l consider this is not correct
firstly,if the bank balance in the general ledger is shown 540 then it is overdrawn
and if l keep in mind 620 and 28 $
then the answer should be taken B(1188 overdrawn)please,clarify this for me
thanks in advance.October 31, 2018 at 7:12 am #480306C is the correct answer.
The question asks for the balance on the bank statement. The bank statement will not include the 620 payment, but will include the 28 bank charge.
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