Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Cullumber Sells is unable to reconcile the bank balance at January 31. Cullumbers reconciliation is shown here. Cash balance per bank $ 3,760.20 Add: NSF
Cullumber Sells is unable to reconcile the bank balance at January 31. Cullumbers reconciliation is shown here.
Cash balance per bank | $ 3,760.20 | |
Add: NSF check | 590.00 | |
Less: Bank service charge | 30.00 | |
Adjusted balance per bank | $ 4,320.20 | |
Cash balance per books | $ 4,075.20 | |
Less: Deposits in transit | 630.00 | |
Add: Outstanding checks | 935.00 | |
Adjusted balance per books | $ 4,380.20 |
What is the proper adjusted cash balance per bank? (List items that increase cash balance first. Round answers to 2 decimal places, eg. 52.75.) Cullumber Bank Reconciliation $ $ e Textbook and Media List of Accounts What is the proper adjusted cash balance per books? (List items that increase cash balance first. Round answers to 2 decimal places, eg. 52.75.) Cullumber Bank Reconciliation
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