Business
Business, 07.11.2019 20:31, serenityarts123

Asummary of the cash account for august shows the following: balance, august 1, $18,960; receipts $74,260; disbursements $73,555; and balance, august 31, $19,665. analysis reveals that the only reconciling items on the july 31 bank reconciliation were a deposit in transit for $4,815 and outstanding checks of $4,515. in addition, you determine that there was an error involving a company check drawn in august: a check for $400 to a creditor on account that cleared the bank in august was recorded for $40.

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Asummary of the cash account for august shows the following: balance, august 1, $18,960; receipts...

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