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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 31
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 31 | $6,625 |
Deposits in transit at month-end | $2,180 |
Outstanding checks at month-end | $710 |
Bank service charges | $44 |
EFT automatically paid monthly, not yet recorded by Maxi | $760 |
An NSF check returned on a customer account | $455 |
The adjusted cash balance per the books on January 31 is: |
$7,546
$6,836
$5,366
$6,487
$6,974
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