Question
Cash balance per bank $4,440.20 Add: NSF check 250.00 Less: Bank service charge Adjusted balance per bank 33.00 $4,657.20 I Cash balance per books
Cash balance per bank $4,440.20 Add: NSF check 250.00 Less: Bank service charge Adjusted balance per bank 33.00 $4,657.20 I Cash balance per books $4.755.20 Less: Deposits in transit 970.00 Add: Outstanding checks 938.00 Adjusted balance per books $4,723.20 (a) What is the proper adjusted cash balance per bank? (
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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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