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Exercise 7-09 Linda Sells is unable to reconcile the bank balance at January 31. Linda's reconciliation is shown here. Cash balance per bank Add: NSF
Exercise 7-09 Linda Sells is unable to reconcile the bank balance at January 31. Linda's reconciliation is shown here. Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $3,817.20 635.00 44.00 $4,408.20 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $4,115.20 574.00 955.00 54,496.20 (a) What is the proper adjusted cash balance per bank? (Round answers to 2 decimal places, e.g. 52.75.} The proper adjusted cash balance per bank (b) What is the proper adjusted cash balance per books? (Round answers to 2 decimal places, e.g. 52.25.) The proper adjusted cash balance per books (c) Prepare the adjusting journal entries necessary to determine the adjusted cash balance per books. {Round answe manually.) Date Account Titles and Explanation Debit Credit
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