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Sharon Sells is unable to reconcile the bank balance at January 31. Sharon's reconciliation is shown as follows. Cash balance per bank $4,622.20 Add: NSF
Sharon Sells is unable to reconcile the bank balance at January 31. Sharon'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 Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $4,920.20 573.50 795.00 55.141.70 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.) Assets Liabilities Cash Accts. Rec. Rev. e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (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.) Liabilities Stockholders' Equity Rev. Exp. Sales revenue Bank charge expense Cash over and short Opening cash balance e Textbook and Media
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