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L06. How can the bank account be used as a control device a) What is the adjusted bank balance given the following information: Ending balance
L06. How can the bank account be used as a control device a) What is the adjusted bank balance given the following information: Ending balance according to the bank records is $10,000; outstanding checks are $3,000; and a deposit in transit is $2,000. Show your work. b) What is the adjusted book balance given the following information: Ending balance according to the company's cash account is $9,000; interest revenue earned on bank balance is $50; bank service charge of $30; EFT for payment of utility bill of $100; and NSF check of $40. Show your work
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