Tasha Orin is unable to reconcile the bank balance at January 31. Tashas reconciliation is shown here.

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Tasha Orin is unable to reconcile the bank balance at January 31. Tasha’s reconciliation is shown here. image text in transcribed

Instructions

(a) What is the proper adjusted cash balance per bank?

(b) What is the proper adjusted cash balance per books?

(c) Prepare the adjusting journal entries necessary to determine the adjusted cash balance per books.

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Accounting Tools For Business Decision Making

ISBN: 9780470534786

4th Edition

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

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Question Posted: Jun 10, 2024 01:06 AM

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Tasha Orin is unable to reconcile the bank balance at January 31. Tashas reconciliation is shown here.

Question:

Cash balance per bank Add: NSF check $3,677.20 450.00 Less: Bank service charge 28.00 Adjusted balance per bank $4,099.20 Cash balance per books $3,975.20 Less: Deposits in transit 590.00 Add: Outstanding checks 770.00 Adjusted balance per books $4,155.20

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Accounting Tools For Business Decision Making

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