Using the Following Data, Compute the Book Balance for Marrow

question 183

Essay

Using the following data, compute the book balance for Marrow Company before the preparation of a bank reconciliation on January 31, 2019:
- The bank statement reveals a balance of $3,650.59.
- The bank statement indicates service charges of $40.50.
- Outstanding cheques on January 31, 2019, amount to $10,600.49.
- Deposits in transit on January 31, 2019, amount to $15,685.00.
- The bookkeeper mistakenly recorded a $525 cheque payment to a vendor as $52.50.
- The bank mistakenly recorded a deposit of $5,000 as $500.

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Definitions:

Discharge Summary

A comprehensive document detailing a patient's hospital stay and treatment, intended to aid in post-hospital care and recovery.

Kardex Form

A record-keeping system used in healthcare settings to provide easy access to important patient information, including medication schedules and medical history.

SOAP Notes

A method of documentation employed by healthcare providers to write out notes in a patient's chart, consisting of four sections: Subjective, Objective, Assessment, and Plan.

PIE Charting

A method of documentation in nursing that focuses on Problems, Interventions, and Evaluation of patient care.