The following information was available to the accountant of R&G Company when preparing the monthly bank reconciliation:
Outstanding checks:
|
#1249 for
|
$ 525
|
|
#1261 for
|
70
|
Bank service charges
|
|
$ 50
|
Deposits in transit
|
|
$ 1,500
|
Customer note receivable collected by bank
|
|
$ 1,000
|
Cash balance per bank statement
|
|
$ 1,265
|
Cash balance per books
(prior to reconciliation)
|
|
$ 1,220
|
The corrected cash balance following completion of the reconciliation was?