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Kyus Store has the following balances as of December 31, 2020. Book Balance, 100,000.00, Bank Balance 40,000.00, Deposit in transit is 115,000.00, Outstanding Check is
Kyus Store has the following balances as of December 31, 2020.
Book Balance, 100,000.00, Bank Balance 40,000.00, Deposit in transit is 115,000.00, Outstanding Check is 60,000.00.
Bank Service Charge is 1,000.00,
Other Information;
KYUs recordeD collection as 10,000.00 instead of 1,000.00
Note Collected by the Bank is 5,000.00
How much is the adjusted balance?
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Financial Accounting
Authors: Warren, Reeve, Duchac
12th Edition
1133952410, 9781133952411, 978-1133952428
