At July 31, Shabbona Company has the following bank information: cash balance per bank $7,420, outstanding checks

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At July 31, Shabbona Company has the following bank information: cash balance per bank $7,420, outstanding checks $762, deposits in transit $1,620 and a bank service charge $20. Determine the adjusted cash balance per bank at July 31.

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Financial and managerial accounting

ISBN: 978-1118016114

1st edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Dec 29, 2012 05:33 AM

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At July 31, Shabbona Company has the following bank information: cash balance per bank $7,420, outstanding checks

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Cash balance per bank 7420 ...View the full answer

Financial and managerial accounting

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