Navarro Companys Cash account shows an ending balance of ($850). The bank statement shows a ($26) service

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Navarro Company’s Cash account shows an ending balance of \($850\). The bank statement shows a \($26\) service charge and an NSF check for \($190\). A \($300\) deposit is in transit, and out¬ standing checks total \($470\). What is Navarro s adjusted cash balance?

a. $686

b. $634

c. $680

d. $464

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Financial And Managerial Accounting

ISBN: 9780135080191

2nd Edition

Authors: Charles T Horngren, Jr Walter T Harrison

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