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 30
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 | $ | 7,225 |
| Deposits in transit at month-end | $ | 2,300 |
| Outstanding checks at month-end | $ | 770 |
| Bank service charges | $ | 50 |
| An NSF check returned on a customer account | $ | 880 |
The adjusted cash balance per the books on January 31 is:
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Cornerstones of Cost Management
Authors: Don R. Hansen, Maryanne M. Mowen
4th edition
1305970667, 978-1337514842, 1337514845, 978-1305970663
