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 | $ | 6,125 |
| Deposits in transit at month-end | $ | 2,080 |
| Outstanding checks at month-end | $ | 660 |
| Bank service charges | $ | 39 |
| EFT automatically deducted monthly, not yet recorded by Maxi | $ | 660 |
| An NSF check returned on a customer account | $ | 405 |
The adjusted cash balance per the books on January 31 is:
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Principles Of External Auditing
Authors: Brenda Porter, Jon Simon, David Hatherly
2nd Edition
470842973, 470842970, 978-0470842973
