On its books, Navarro Companys Cash account shows an ending balance of ($770). The bank statement for

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On its books, Navarro Company’s Cash account shows an ending balance of \($770\).

The bank statement for the current period shows a \($20\) service charge and an NSF check for \($100.\) A \($250\) deposit is in transit, and outstanding checks total \($400.\) What is Navarro’s adjusted book balance for Cash?

a. ($530\)

b. $650\)

C. ($680\)

d. $1,050\)


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Financial Accounting

ISBN: 9780136060482

1st Edition

Authors: Jeffrey Waybright, Robert Kemp

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