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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 $ 6,425
Deposits in transit at month-end $ 2,140
Outstanding checks at month-end $ 690
Bank service charges $ 42 EFT automatically deducted monthly, not yet recorded by Maxi $ 720
An NSF check returned on a customeraccount$435. which is the Adjusted per books on january 31 is
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