Question
Annapolis Company's bank statement indicated an ending cash balance of $8,440. Alpha's accountant discovered that outstanding checks amounted to $665 and deposits in transit were
Annapolis Company's bank statement indicated an ending cash balance of $8,440. Alpha's accountant discovered that outstanding checks amounted to $665 and deposits in transit were $720. Additionally, the bank statement showed service charges of $35. What is the correct adjusted ending cash balance?
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Financial Accounting for Decision Makers
Authors: Peter Atrill, Eddie McLaney
6th Edition
273763451, 273763458, 978-0273763451
