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Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown as follows. Cash balance per bank Add: NSF check
Rachel Sells is unable to reconcile the bank balance at January 31. Rachel's reconciliation is shown as follows. Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $4,337.20 620.00 52.50 $4.904.70 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $4,635.20 565.50 940.00 $5,009.70 (a) What is the proper adjusted cash balance per bank? (Round answers to 2 decimal places, eg. 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 (b) What is the proper adjusted cash balance per books? (Round answers to 2 decimal places, eg. 52.75.) $ The proper adjusted cash balance per books (c) Prepare a tabular analysis for the adjustments required to reach the adjusted cash balance per books. Include margin explanations for the changes in revenues and expenses. If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Round answers to 2 decimal places, eg. 52.75.) Assets Liabilities Accts. Rec. Rev. Cash e Textbook and Media List of Accounts Attempts: 0 of 3 used Submit Ancier (b) What is the proper adjusted cash balance per books? (Round answers to 2 decimal places, eg. 52.75) $ The proper adjusted cash balance per books (c) Prepare a tabular analysis for the adjustments required to reach the adjusted cash balance per books. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Round answers to 2 decimal places, eg. 52.75.) Liabilities Stockholders' Equity Rev. Exp e Textbook and Media List of Accounts
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