Question
In preparing its bank reconciliation for the month of April 2014, Dimensions, Inc. has available the following information. Balance per bank statement, 4/30/14 $40,920 NSF
In preparing its bank reconciliation for the month of April 2014, Dimensions, Inc. has available the following information.
Balance per bank statement, 4/30/14 $40,920
NSF check returned with 4/30/14 bank statement 1,350
Deposits in transit, 4/30/14 10,500
Outstanding checks, 4/30/14 15,600
Bank service charges for April 60
What should be the adjusted cash balance at April 30, 2014?
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
Practical Audit Quality Improvement Ensuring Effective Performance Of Internal Audit Functions
Authors: Joyce Gacheru
1st Edition
6138950577, 978-6138950578
