=+PR 8-3B Bank reconciliation and entries obj. 5 1. Adjusted balance: $8,613 The cash account for

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=+PR 8-3B Bank reconciliation and entries obj. 5

✔ 1. Adjusted balance: $8,613 The cash account for Inky’s Bike Co. at July 1, 2010, indicated a balance of $12,470.

During July, the total cash deposited was $26,680, and checks written totaled $31,500.

The bank statement indicated a balance of $16,750 on July 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items:

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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