Question
Marjorie Company's cash balance per the books at the end of the month was$9,200. After comparing the company's records with the monthly bank statement, Marjorie's
Marjorie Company's cash balance per the books at the end of the month was$9,200. After comparing the company's records with the monthly bank statement, Marjorie's accountant identified the following reconciling items: outstanding checks, $800; deposits in transit, $700; bank service charge,$30; and NSF check,$300.The bank collection of a note receivable was $1,000 plus interest of $140. There also was an EFT payment of $110.
What is the adjusted book balance at the end of the month?
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
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