Question
33.Hera Company provided the following information: Balance per bank statement, May 31 1,300,000 Balance per book - May 31 1,405,000 Deposits outstanding 150,000 Bank service
33.Hera Company provided the following information:
Balance per bank statement, May 31 1,300,000 Balance per book - May 31 1,405,000
Deposits outstanding 150,000 Bank service charge (5,000)
Checks outstanding (50,000)
Correct bank balance- May 31 - 1,400,000 Correct book balance- May 31 1,400,000
June data are as follows Bank Book
Checks recorded 1,100,000 1,250,000
Deposits recorded 800,000 900,000
Service Charges recorded 25,000 -
Note collected by bank 250,000 plus interest 275,000
NSF checks returned with June 30 statement 50,000
Balances 1,200,000 1,050,000
What is the adjusted cash balance on June 30?
- Answer not given
- 1,200,000
- 1,050,000
- 1,400,000
- 1,250,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started