Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

during the audit of exciting company on december 31 2019, the following data are gathered. balance charges $80000 bank charges $200 outstanding cheque's $19000 outstanding

during the audit of exciting company on december 31 2019, the following data are gathered.

balance charges $80000

bank charges $200

outstanding cheque's $19000

outstanding deposits $24000

customers note collected by bank $30000

interest on customer note $1200

customer check returned NSF $5000

depositors note charged to account $20000

what is the adjusted cash in bank on december 31,2019?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Accounting

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood

10th Canadian edition Volume 1

978-0134213101, 134213106, 133855376, 978-0133855371

Students also viewed these Accounting questions