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Business, 15.04.2020 22:05 panpanriser76

Hazelton Manufacturing prepares a bank reconciliation at the end of every month.

At the end of May, the general ledger checking account showed a balance of $1,430 and the bank statement showed a bank balance of $1,375.

Outstanding checks totaled $385 and deposits in transit were $185.

The bank statement listed service charges of $65 and NSF checks totaling $190.

The corrected cash balance is:

a. $920.
b. $985.
c. $1,175.
d. $1,375.

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Hazelton Manufacturing prepares a bank reconciliation at the end of every month.

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