Question
McCallister Manufacturing Company had the following reconciling information in preparing its December bank reconciliation: Cash Balance per Books , 12/31 $42,000 Deposits in Transit $8,400
McCallister Manufacturing Company had the following reconciling information in preparing its December bank reconciliation:
Cash Balance per Books, 12/31 $42,000
Deposits in Transit $8,400
Electronic Funds Transfer Received $12,750
Bank Charge for Check Printing $150
Outstanding Checks $12,200
NSF Check $1,780
The adjusted cash balance per the books on December 31 is:
| a. | $52,820 | |
| b. | $50,950 | |
| c. | $38,200 | |
| d. | $36,270 |
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Fundamental Financial Accounting Concepts
Authors: Thomas P. Edmonds
11th Edition
1260786587, 9781260786583
