Question

At March 31, Cummins Co. had an unadjusted balance in its cash account of $11,000. At the end of March, the company determined that it had outstanding checks of $1,225, deposits in transit of $750, a bank service charge of $45, and an NSF check from a customer for $225. What is the true cash balance at March 31

Answer 1

Answer: $10730

Step-by-step explanation:

Based on the information that have been provided in the question, the true cash balance at March 31 will be calculated as:

= Cash Balance - Bank Service Charge - NSF Check

= $11000 - $45 - $225

= $10730

Therefore, the true cash balance at March 31 will be $10730.