Question
Dexter Company's bank reconciliation shows an adjusted cash balance of $3,318.99. The following items also appear on the reconciliation: NSF check $200.20 Deposit in transit
Dexter Company's bank reconciliation shows an adjusted cash balance of $3,318.99. The following items also appear on the reconciliation: NSF check $200.20 Deposit in transit 368.20 Interest earned 99.75 Outstanding checks 487.08 Bank service charges 65.00
1.Determine the balance on the bank statement prior to adjustment. Round your answer to the nearest cent. 2. Determine the balance on the books prior to adjustment. Round your answer to the nearest cent.
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
