You just joined XYZ Company as their junior accountant. Your…
You just joined XYZ Company as their junior accountant. Your first task is to prepare a bank reconciliation in good form at June 30. Your boss provides you with the bank statement and the following information from the accounting records at June 30 Non-sufficient funds (NSF) cheque returned by bank $350 Deposit in transit on June 30 $1,015 Outstanding cheques at June 30 $2,660 Balance per bank statement on June 30 $16,280 Bank service charges $35 Your review the bank statement at June 30 shows that a cheque incorrectly recorded by company as $2,500 was correctly recorded by the bank at $2,050. What is the unadjusted (opening) balance of cash in XYZ’s general ledger on June 30?
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