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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 |
| EFT automatically paid monthly, 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:
Question 10 options:| $5,855 |
| $5,335 |
| $4,055 |
| $4,815 |
| $4,585 |
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Core Concepts Of Accounting
Authors: Leslie Breitner, Robert Anthony
11th Edition
0133125947, 9780133125948
