tps/ on.com/flow/connect.html CH 7 6 Marin Company\'s general ledger indicates a

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tps/ on.com/flow/connect.html CH 7 6 Marin Company's general ledger indicates a cash balance of $22.340 as of September 30, 2018.Early in October Marin receved a bank statement indicating that during September Marin had an NSF check of $1,500 returned to a customer and incurred service charges of $45. Marin also learned it had incorrectly recorded a check received from a customer on September 15 as $500 when in fact the check was for $550 Calculate Marin's correct September 30, 2018, cash balance Balance per books Add Deduct Comected cash balance 112

Explanation / Answer

b)

Balance as per BOOKS $22,340 Add: Incorrect Check $550 Less: Service Charges ($45) Correct Check ($500) Correct balance as per BOOKS $22,345

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