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Please show how you got the answer... Exercise 7-6 Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown
Please show how you got the answer...
Exercise 7-6 Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown here Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $4,212.20 650.00 52.50 $4,809.70 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $4,510.20 565.50 970.00 $4,914.70 (a) What is the proper adjusted cash balance per bank? (Round answers to 2 decimal places, e.g. 52.75.) The proper adjusted cash balance per bank (b) What is the proper adjusted cash balance per books? (Round answers to 2 decimal places, e.g. 52.75.) The proper adjusted cash balance per books 1sStep by Step Solution
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