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Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by receipts on the day they are received
Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by receipts on the day they are received and makes all cash payments to check the rise of business on May 31, its Cash account shows a debit balance of 578,525. c May bank statement shows $25.000 on deposit in the bank. Determine the adjusted cash balance using the following information Help Sevents om Deposit in transit Outstanding checks Bank service fees, not yet recorded by company A NSF check from a customer, not yet recorded by the company $8,650 $6,900 $ 140 $1,635 The adjusted cash balance should be: o o $26 750 o o $18,100 $33,650 o $28,385 23 of 46 ! SAMSUNG search
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