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A to f is neccessary to answer At the close of business on December 31, 2019, Box Co's cash account showed a debit balance of
A to f is neccessary to answer
At the close of business on December 31, 2019, Box Co's cash account showed a debit balance of $4,000. Box's December 31 bank statement shows a balance of $5,800. You are preparing the bank reconciliation for the month of December. Indicate how each of the following items would be used in determining the adjusted cash balance at December 31: a) Box Co. properly issued payment in the amount of $450 for shipping supplies. This was incorrectly entered in the accounting system for $850. [Select) b) The company deposited $725 of cash receipts on the evening of December 31st, which were not reflected on the bank statement. [Select) c) Outstanding checks totaled $2,500 on December 31. [Select] d) The bank statement included a $125 charge for additional checks, the price of which was not previously known by Box Co. [Select) e) One of Box Co.'s customers issued payment in the amount of $250, which was deposited by Box Co. The bank statement doesn't show this deposit, and includes a note that this check was returned NSF. [Select] Additionally, answer the following questions related to the above information: f) What was the adjusted cash balance as of December 31, 2019? (Select) Step by Step Solution
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