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 $ 5,825
Deposits in transit at month-end $ 2,020
Outstanding checks at month-end $ 630
Bank service charges $ 36
EFT automatically deducted monthly, not yet recorded by Maxi $ 600
An NSF check returned on a customeraccount $ 375
The adjusted cash balance per the books on January 31 is:
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Managerial Accounting
Authors: James Jiambalvo
6th edition
9781119158226, 111915801X, 1119158222, 978-1119158011
