Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Electric Sunset Company gathered the following reconciling information in preparing its July bank reconciliation: Cash balance per books, 7/31 $22,000 Deposits in transit 1,200 Notes
Electric Sunset Company gathered the following reconciling information in preparing its July bank reconciliation:
Cash balance per books, 7/31 | $22,000 |
Deposits in transit | 1,200 |
Notes receivable and interest collected by bank | 4,400 |
Bank charge for check printing | 80 |
Outstanding checks | 8,000 |
NSF check | 680 |
The adjusted cash balance per books on July 31 is
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started