Question
Alpha Company was preparing its month-end bank reconciliation.The cash balance per the general ledger was $1,645.Alpha's accountant discovered that the bank had charged $15 in
Alpha Company was preparing its month-end bank reconciliation.The cash balance per the general ledger was $1,645.Alpha's accountant discovered that the bank had charged $15 in service charges for the month, that outstanding checks were $60, and that there were no deposits in transit.What is the correct adjusted ending cash balance?
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Managerial Accounting Decision Making and Performance Management
Authors: Ray Proctor
4th edition
273764489, 978-0273764489
