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Marin Company's general ledger indicates a cash balance of $24,340 as of September 30, 2021. Early in October Marin received a bank statement indicating that during September Marin had an NSF check of $3,500 returned to a customer and incurred service charges of $80. Marin also learned it had incorrectly recorded a check received from a customer on September 15 as $500 when in fact the check was for $570. Calculate Marin's correct September 30, 2021, cash balance. Balance per books Add Deduct: Corrected cash balance.

Marin Company's general ledger indicates a cash balance of $24,340 as of September 30, 2021. Early in October Marin received a bank statement indicating that during September Marin had an NSF check of $3,500 returned to a customer and incurred service charges of $80. Marin also learned it had incorrectly recorded a check received from a customer on September 15 as $500 when in fact the check was for $570. Calculate Marin's correct September 30, 2021, cash balance. Balance per books Add Deduct: Corrected cash balance.

Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 2AP
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Marin Company's general ledger indicates a cash balance of $24,340 as of September 30, 2021. Early in October Marin received a bank statement indicating that during September Marin had an NSF check of $3,500 returned to a customer and incurred service charges of $80. Marin also learned it had incorrectly recorded a check received from a customer on September 15 as $500 when in fact the check was for $570. Calculate Marin's correct September 30, 2021, cash balance. Balance per books Add Deduct Corrected cash balance.
Transcribed Image Text:Marin Company's general ledger indicates a cash balance of $24,340 as of September 30, 2021. Early in October Marin received a bank statement indicating that during September Marin had an NSF check of $3,500 returned to a customer and incurred service charges of $80. Marin also learned it had incorrectly recorded a check received from a customer on September 15 as $500 when in fact the check was for $570. Calculate Marin's correct September 30, 2021, cash balance. Balance per books Add Deduct Corrected cash balance.
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