On December 31 the checkbook balance of Ray Co. was $5,420.95. The bank statement balance showed $5,102.95. Checks outstanding totaled $813.53. The statement did not show a deposit in transit of $1,102.95. Check charges were $15.88. The company earned interest income of $29.32 that was shown on the report. The bookkeeper forgot to a check for $42.09. The reconciled balance is $5,392.30.

True or False

Question

On December 31 the checkbook balance of Ray Co. was $5,420.95. The bank statement balance showed $5,102.95. Checks outstanding totaled $813.53. The statement did not show a deposit in transit of $1,102.95. Check charges were $15.88. The company earned interest income of $29.32 that was shown on the report. The bookkeeper forgot to a check for $42.09. The reconciled balance is $5,392.30.

True or False

anonymous · Answer

someone please help me, I'm so confused D:
i know its a true or false but I want to understand it