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Determine the adjusted cash balance per business from the following information: 1. Balance per books as of 30 June, $7,600. 2. Outstanding cheques, $600. 3.
Determine the adjusted cash balance per business from the following information: 1. Balance per books as of 30 June, $7,600. 2. Outstanding cheques, $600. 3. NSF cheque returned with bank statement, $120. 4. Deposit mailed the afternoon of 30 June, $300. 5. Cheque printing charges, $15. 6. Interest earned on cheque account, $40.
a. $7 600
b. $7 640
c. $7 480
d. $7 505
e. $7 585
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