Tom just received his bank statement and wanted to make sure that the balance in his check book was correct. Tom determined the following information:
- At the end of the month Tom’s check book showed a balance of $183
- The bank indicated that the balance in Tom’s account was $475
- Check number 104 for $60, check number 107 for $205 and check number 108 for $100 had not cleared the bank.
- A deposit of $140 did not show up in the bank statement.
- Since Tom wanted a paper statement the bank charged him $5
- A check of $70 which was previously deposited was returned by the bank plus a $10 service charge.
- Tom discovered that a check she had written for $236 had been incorrectly recorded in his check ledger at $263.
- A friend had wired directly to Tom’s account $125.
A.Determine the true cash balance for Tom’s checking account.
B.Determine the amount of change in cash as a result of this statement.
C.Determine the amount of change in expense as a result of this statement.