Question
Determine the adjusted cash balance per bank for Sam's Packaging on November 30, from the following information: Cash balance on the bank statement $3,350 Customer's
Determine the adjusted cash balance per bank for Sam's Packaging on November 30, from the following information:
Cash balance on the bank statement
$3,350
Customer's check
returnedlong dashNSF
500
Customer's note collected by the bank
600
Deposits in transit, November 30
1,400
Outstanding checks, November 30
3,650
A.
$1,550
B.
$1,100
C.
$1,350
D.
$1,250
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Management Accounting Information for creating and managing value
Authors: Kim Langfield Smith, David Smith, Paul Andon, Ronald Hilton, Helen Thorne
8th edition
9781760420413 , 978-1760420406
