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Margaret Sells is unable to reconcile the bank balance at January 31. Margaret's reconciliation is shown as follows. Cash balance per bank $4,677.20 Add: NSF
Margaret Sells is unable to reconcile the bank balance at January 31. Margaret's reconciliation is shown as follows. Cash balance per bank $4,677.20 Add: NSF check 605.00 Less: Bank service charge 51.50 Adjusted balance per bank $5,230.70 Cash balance per books $4,975.20 Less: Deposits in transit 566.50 Add: Outstanding checks 925.00 Adjusted balance per books $5,333.70 (c) Prepare a tabular analysis for the adjustments required to reach the adjusted cash balance per books. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Accts. Cash Rec. | (c) Prepare a tabular analysis for the adjustments required to reach the adjusted cash balance per books. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) bilities Stockholders' Equity Rev. Exp
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