Question
Rear-Gear prepared its bank reconciliation for the month of October with the following information: 10/31/20 Balance per bank statement $58,170; 10/31/20 Balance per book $68,200;
Rear-Gear prepared its bank reconciliation for the month of October with the following information: 10/31/20 Balance per bank statement $58,170; 10/31/20 Balance per book $68,200; NSF check returned $2,000 plus $30 charge; Deposits in transit $8,000. What should be the adjusted cash balance for the books at Oct 31, 2020?
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Introduction To Management Accounting Chapters 1 To 14
Authors: Charles T Horngren, Gary L Sundem, William O Stratton, Dave Burgstahler, Jeff Schatzberg
15th Edition
0136102778, 9780136102779
