1.2 The following information is needed to reconcile the cash balance for Latrobe Valley Lid: A deposit of$5,500 is in transit. Outstanding cheques total $1,500. The book balance is $16,600 on 28 May 2021 Thebookkeeper recorded a $1,800 cheque as $17,100 in payment of the current month’s rent The ban… Show more… Show more Accounting Business Financial Accounting ACC accounting Share QuestionEmailCopy link Comments (0)