Business, 27.12.2020 16:00 leapfroggiez

Kevin Malone, accountant at Alfredo & Associates, had the hardest time reconciling the cash account in November. He collected the following information: Bank statement balance, 11/30/2020 $12,345
Unadjusted book balance, 11/30/2020 $8,888
Bank service charge $50
Outstanding checks $6,925
Interest earned $329
NSF check from client $550
Deposit in transit $2,450
Note receivable collected by bank $2,250

Kevin properly included each of the above items on the reconciliation but still could not agree the adjusted book/bank balances. A pesky variance remained. After additional hours of review, Kevin identified that the check from customer Eugene Popo was incorrectly recorded on the books. The bank properly recorded the amount of $234,567, but Kevin had transposed two of the numbers when initially recording the transaction. Once the error was corrected, the bank reconciliation.

What amount did Kevin initially record in the books for the Popo check?

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Kevin Malone, accountant at Alfredo & Associates, had the hardest time reconciling the cash acco...

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