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Duncan, Inc.'s unadjusted book balance showed cash balance of $1,763 before preparing the bank reconciliation. Given the bank reconciliation shows outstanding checks of $427, deposits in transit of $831, NSF check of $195, and interest earned on the bank account of $15, the company's up-to-date ending cash balance equals:$_____

Respuesta :

Answer:

the up-to-date ending cash balance is $2,167

Explanation:

The computation of the up-to-date ending cash balance is shown below:

= Cash balance + deposit in transit - outstanding checks

= $1,763 + $831 - $427

= $2,167

Hence the up-to-date ending cash balance is $2,167

We simply applied the above formula

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