Bob Company has the following records available when preparing its bank reconciliation for the month of March 2013: Balance per bank statement, 3/31/13 : $18,000
Bob Company has the following records available when preparing its bank reconciliation for the month of March 2013:
Balance per bank statement, 3/31/13 : $18,000
NSF check returned with 3/31/13 bank statement : 290
Deposits in transit, 3/31/13 : 3,000
Outstanding checks, 3/31/13 : 2,400
Bank service charges for March: 20
What should be the adjusted cash balance at March 31, 2013?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
A few adjustments to the bank statement amount are necessary to determine the adjusted ca...
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Step: 2
Step: 3
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Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
