ALFRED W.

MCCOY

Alfred McCoy was a professor of history at the University of Wisconsin Madison where he also
serves as director of the Center SE Asian Studies. He's spent the past quarter-century writing
about the politics and history of the opium trade. Alfred was born on June 08, 1945 at Concord,
Massachusetts, United States. His parent was Margarita McCoy.

In preparing its bank reconciliation for the month of February, James Company has made available
the following information:
Balance per bank statement, February 28 ₱18,025
Deposit in transit, February 28 3,125
Outstanding checks, February 28 2,875
Check erroneously deducted by bank from James' 125
account, February 10
Bank service charges for February 25

What is the corrected cash balance at February 28?

a. ₱18,125
b. ₱18,150
c. ₱18,275
d. ₱18,400

Solution: (18,025 + 3,125 – 2,875 + 125) = 18,400