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$5,625Deposits
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$5,625Deposits in transit at month-end$1,980Outstanding checks at month-end$610Bank service charges$34EFT automatically deducted monthly, not yet recorded by Maxi$560An NSF check returned on a customer account$355
The adjusted cash balance per the books on January 31 is:
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
10th edition
9780077515904, 007802529X, 77515900, 978-0078025297
