Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 4-10 Adjusting the cash account LO 4-3 As of June 30, 2018, the bank statement showed an ending balance of $16,955. The unadjusted Cash

image text in transcribed

Exercise 4-10 Adjusting the cash account LO 4-3 As of June 30, 2018, the bank statement showed an ending balance of $16,955. The unadjusted Cash account balance was $15,781 The following information is available: 1. Deposit in transit, $2,060. 2. Credit memo in bank statement for interest earned in June, $4 3. Outstanding check, $3,243. 4. Debit memo for service charge, $13. Required Determine the true cash balance by preparing a bank reconciliation as of June 30, 2018, using the preceding information. (Negative amounts should be indicated with minus sign.) Bank Reconciliation Unadjusted bank balance 6/30/2018 True cash balance 6/30/2018 Unadjusted book balance 6/30/2018 True cash balance 6/3012018

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

Managerial Accounting Ba 213 At Central Oregon Community College

Authors: Albrecht

1st Edition

1111523622, 978-1111523626

More Books

Students also viewed these Accounting questions

Question

a. What are S, F, and P? Pg45

Answered: 1 week ago

Question

2. Show the trainees how to do it without saying anything.

Answered: 1 week ago