Question
Given table below answer the question. Cash balance per bank $4,662.20 Add: NSF check 515.00 Less: Bank service charge 42.00 Adjusted balance per bank $5,135.20
Given table below answer the question.
Cash balance per bank $4,662.20 Add: NSF check 515.00 Less: Bank service charge 42.00 Adjusted balance per bank $5,135.20 Cash balance per books $4,960.20 Less: Deposits in transit 576.00 Add: Outstanding checks 835.00 Adjusted balance per books $5,219.20 (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 $ LA (b) What is the proper adjusted cash balance per books? (Round answers to 2 decimal places, e.g. 52.75.) The proper adjusted cash balance per books $
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
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