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Easton Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on
Easton Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on June 30, its Cash account shows a debit balance of $67,209. Eastons June bank statement shows a $63,949 balance in the bank. Determine the adjusted cash balance using the following information: Deposit in transit $ 5,900Outstanding checks $ 2,625Check printing fee, not yet recorded by company $ 29Interest earned, not yet recorded by the company $ 44 The adjusted cash balance should be:Multiple Choice$67,180$67,253$69,849$61,324$67,224
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