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Rachel Sells is unable to reconcile the bank balance at January 31. Rachels reconciliation is shown here. Cash balance per bank $3,687.20 Add: NSF check

Rachel Sells is unable to reconcile the bank balance at January 31. Rachels reconciliation is shown here.

Cash balance per bank $3,687.20
Add: NSF check 460.00
Less: Bank service charge

33.00

Adjusted balance per bank

$4,114.20

Cash balance per books $3,985.20
Less: Deposits in transit 585.00
Add: Outstanding checks

780.00

Adjusted balance per books

$4,180.20

(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 $

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(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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(c) Prepare the adjusting journal entries necessary to determine the adjusted cash balance per books. (Round answers to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

Jan. 31

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(To record NSF check)
Jan. 31

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(To record bank service charge)

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