Question
6. The following information were derived to help make the bank reconciliation for the month of June by the accounting clerk. Balance as per records
6. The following information were derived to help make the bank reconciliation for the month of June by the accounting clerk.
Balance as per records of the company $80,000
Balance as per bank statement $86,000
Deposit In Transit not yet cleared by bank $30,000
Outstanding Check not yet cleared by bank $28,000
Non-sufficient Fund Check (returned by bank) $16,000
Collection made by bank in behalf of the company $24,000
a. How much is the adjusted bank balance based on bank reconciliation made? ________________
b. How much is the adjusted book balance based on the bank reconciliation made? _____________
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