Question
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 31
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 31 $7,025 Deposits in transit at month-end $2,260 Outstanding checks at month-end $750 Bank service charges $48 EFT automatically paid monthly, not yet recorded by Maxi $840 An NSF check returned on a customer account $495 The adjusted cash balance per the books on January 31 is:
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
