Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

May 31 Balance per Bank - Deposit outstanding- Erroneous bank charge- Outstanding Check Erroneous Bank Credit - CM offer collection of note - (60ok) 2.6

image text in transcribed

May 31 Balance per Bank - Deposit outstanding- Erroneous bank charge- Outstanding Check Erroneous Bank Credit - CM offer collection of note - (60ok) 2.6 M 300k 40k (100k) (60k) Balance per book $2190k Junes Sales Bank Book -checks recorded -collection of erroneous bank credit in May -Deposit recorded -correction of erroneous bank charge -service charge recorded 2.5m 2.2m 60k 1.6M 40k 1.8m 50k 55k CM for collection by bank -Nsf checks returned with june 30 statement will be redeposited 00k 1. How much is Outstanding Check on June 30? 2. How much is Deposit in transit on June 30? 3. How much is adjusted cash receipts in Juner 4. How much is adjusted cash disbursment in June? 5. How much is adjusted cash balance as of June 30

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISE International Accounting

Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera

5th Edition

1260547981, 9781260547986

More Books

Students also viewed these Accounting questions