Question
Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown as follows. Cash balance per bank $4,622.20 Add:
Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown as follows. Cash balance per bank $4,622.20 Add: NSF check 475.00 Less: Bank service charge 44.50 Adjusted balance per bank $5,052.70 Cash balance per books $4,920.20 Less: Deposits in transit 573.50 Add: Outstanding checks 795.00 Adjusted balance per books $5,141.70 (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 $
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