Homework answers / question archive / In preparing its May 31, 2020 bank reconciliation, Waterway Industries has the following information available:   Balance per bank statement, 5/31/20 $38000 Deposit in transit, 5/31/20 5700 Outstanding checks, 5/31/20 3500 Note collected by bank in May 1260 The correct balance of cash at May 31, 2020

In preparing its May 31, 2020 bank reconciliation, Waterway Industries has the following information available:   Balance per bank statement, 5/31/20 $38000 Deposit in transit, 5/31/20 5700 Outstanding checks, 5/31/20 3500 Note collected by bank in May 1260 The correct balance of cash at May 31, 2020

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In preparing its May 31, 2020 bank reconciliation, Waterway Industries has the following information available:

Balance per bank statement, 5/31/20 $38000

Deposit in transit, 5/31/20 5700

Outstanding checks, 5/31/20 3500

Note collected by bank in May 1260

The correct balance of cash at May 31, 2020