The accounting records and bank statement of Jeff's Seashell Store provide the following information at the end of April. The closing 'Cash' account balance was $29875. The bank statement shows a...


The accounting records and bank statement of Jeff's Seashell Store provide the following information at the
end of April. The closing 'Cash' account balance was $29875. The bank statement shows a closing balance of
$25000. On the last day of the month, cash receipts of $2500 were deposited into the bank account, but have
not been recorded by the bank. Two payments made to suppliers totally $125 have also not been recorded by
the bank. Interest of $1500 was charged during the month by the bank. It has been identified an error occurred
with the recording of a $1350 cash sale in the business accounts, that should have been $350. What is the ending
reconciled cash balance?
A.None of the other answers


B.30,250


C.24,875


D.26,375


E.27,375



Jun 10, 2022
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