Question
FINANCIAL ACCOUNTING 1-Lecture-1201-Meta Dashboard My courses FINANCIAL ACCOUNTING 1-Lecture-1201-Meta FINAL EXAM FINAL EXAM Jan. 28,2021 @ 8:30am Question 25 Not yet answered Marked out of
FINANCIAL ACCOUNTING 1-Lecture-1201-Meta
Dashboard
My courses
FINANCIAL ACCOUNTING 1-Lecture-1201-Meta
FINAL EXAM
FINAL EXAM Jan. 28,2021 @ 8:30am
Question 25
Not yet answered
Marked out of 1.00
Flag question
Question text
In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information: Cash balance per company books on January 30 $ 4,725 Deposits in transit at month-end $ 1,800 Outstanding checks at month-end $ 520 Bank service charges $ 25 Amount deducted by bank , not yet recorded by Maxi $ 380 An NSF check returned on a customer account $ 265 The adjusted cash balance per the books on January 31 is:
FINANCIAL ACCOUNTING 1-Lecture-1201-Meta
Dashboard
My courses
FINANCIAL ACCOUNTING 1-Lecture-1201-Meta
FINAL EXAM
FINAL EXAM Jan. 28,2021 @ 8:30am
Question 25
Not yet answered
Marked out of 1.00
Flag question
Question text
In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information: Cash balance per company books on January 30 $ 4,725 Deposits in transit at month-end $ 1,800 Outstanding checks at month-end $ 520 Bank service charges $ 25 Amount deducted by bank , not yet recorded by Maxi $ 380 An NSF check returned on a customer account $ 265 The adjusted cash balance per the books on January 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
Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
8th edition
1111534918, 978-1111534912
