Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sandra Sells is unable to reconcile the bank balance at January 31. Sandra's reconciliation is shown here. Cash balance per bank $4,102.20 Add: NSF check

image text in transcribed
image text in transcribed
Sandra Sells is unable to reconcile the bank balance at January 31. Sandra's reconciliation is shown here. Cash balance per bank $4,102.20 Add: NSF check 485.00 50.00 Less: Bank service charge Adjusted balance per bank $4,537.20 Cash balance per books $4,400.20 Less: Deposits in transit 568.00 Add: Outstanding checks 805.00 Adjusted balance per books $4,637.20 (a) What is the proper adjusted cash balance per bank? (Round answers to 2 decimal places, eg. 52.75.) 5 The properadjusted cash balance per bank a Te to search (b) What is the proper adjusted cash balance per book? (Round answers to 2 decimal places, s. 5275) The proper adjusted cash balance per books Ic) Prepare the adjusting journal entries necessary to determine the adjusted cash balance per books, Round answers to 2 decimal places, es 52.75. Credit occount titles are automatically Indented when amount is entered. Do not indent morally Date Account Titles and Explanation Debit Credit Jan 31 (To record NSF check) Jan 32 AM 421 1 2 O ere to search Thir

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mindful Brand Auditing The New Way To Explore Brand Value

Authors: Kurt Gassner

1st Edition

3987939176, 978-3987939174

More Books

Students also viewed these Accounting questions