The following information pertains to sheridan company.
1. cash balance per books, august 31, $7,374.
2. cash balance per bank, august 31, $7,338.
3. outstanding checks, august 31, $694.
4. august bank service charge not recorded by the depositor $46.
5. deposits in transit, august 31, $3,010.
in addition, $2,326 collected for sheridan company in august by the bank through electronic funds transfer. the accounts receivable collection has not been recorded sheridan company.
prepare a bank reconciliation at august 31, 2022. (list items that increase balance as per bank & books first.)

Adjusted Cash Balance at 31 August 2022 = 9654

Explanation:

Bank Reconciliation Statement at August 31, 2022

Cash Balance as per Bank  August 31,                                         $7338

Add: Deposit in Transit                                                                  $3010

Deduct: Outstanding Checks                                                        ($694 )

Adjusted Cash Balance                                                                  $9,654

Cash Balance as per books, August 31,                                        $7374

Add: Receivable collected by bank                                               $2326

Less:Bank Service Charges                                                           ($46)    

Adjusted Cash Balance                                                                  $9,654

these are the four factors that influence enterpreneurship development

1. economic development

2. culture

3.technological development

4. education

answer; institution based;