Answered step by step
Verified Expert Solution
Question
1 Approved Answer
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Exercise 7-6 Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Exercise 7-6 Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown here Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $3,767.20 590.00 45.00 $4,312.20 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $4,065.20 573.00 910.00 $4,402.20 (a) What is the proper adjusted cash balance per bank? (Round answers to 2 decimal places, e.g. 52.75.) The proper adjusted cash balance per bank (b) What is the proper adjusted cash balance per books? (Round answers to 2 decimal places, e.g. 52.75.) The proper adjusted cash balance per books
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started