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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 $ 4,725
Deposits in transit at month-end $ 1,800
Outstanding checks at month-end $ 520
Bank service charges $ 25
Amount deducted by bank , not yet recorded by Maxi $ 380
An NSF check returned on a customer account $ 265
The adjusted cash balance per the books on January 31 is:
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Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
11th edition
78025400, 978-0078025402
