Urban Bloom, Inc.'s books show an ending cash balance of $16,000 before preparing the bank reconciliation. Given the bank reconciliation shows outstanding checks of $4,200, deposits in transit of $3,200, NSF check of $220, and interest earned on the bank account of $130, the company's up-to-date ending cash balance equals:

Respuesta :

Answer:

$15,910

Explanation:

Calculation for Urban Bloom, Inc.'s company's up-to-date ending cash balance

Using this formula

Up-to-date ending cash balance = Ending cash balance per books + Interest received from bank - NSF check

Hence:

=16,000+130-220

=15,910

Therefore the company's up-to-date ending cash balance equals: $15,910

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