Cash balance-amount of change in cash


Ana just received her bank statement and wanted to make sure that the balance in her checkbook was correct. Ana determined the following information:

1. At the end of the month Ana's check book showed a balance of $183

2. The bank indicated that the balance in Ana's account was $475

3. Check number 104 for $60, check number 107 for $205 and check number 108 for $100 had not cleared the bank.

4. A deposit of $140 did not show up in the bank statement.

5. Since Ana wanted a paper statement the bank charged her $5

6. A check of $70, which was previously deposited, was returned by the bank plus a $10 service charge.

7. Ana discovered that a check she had written for $236 had been incorrectly recorded in her check ledger at $263.

8. A friend had wired directly to Ana's account $125.

Required:

A. Determine the true cash balance for Ana's checking account.

B. Determine the amount of change in cash as a result of this statement.

C. Determine the amount of change in expense as a result of this statement.

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Accounting Basics: Cash balance-amount of change in cash
Reference No:- TGS0512962

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