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 | $ | 5,025 |
| Deposits in transit at month-end | $ | 1,860 |
| Outstanding checks at month-end | $ | 550 |
| Bank service charges | $ | 28 |
| EFT automatically deducted monthly, not yet recorded by Maxi | $ | 440 |
| An NSF check returned on a customer account | $ | 295 |
The adjusted cash balance per the books on January 31 is:
Multiple Choice
- $5,198
- $5,572
- $5,079
- $4,262
- $6,122
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Modern Management Concepts And Skills
Authors: Samuel Certo, S Certo
15th global Edition
978-1292265193, 1292265191
