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solve this Quastion fast please Nottingham Company's bank statement shows $112,680 on deposit at the close of business on January 31 and cash account shows
solve this Quastion fast please
Nottingham Company's bank statement shows $112,680 on deposit at the close of business on January 31 and cash account shows a $ 1.05,400 debit balance. The following information is available to reconcile Nottingham Company's book balance of cash with its bank statement cash balance as of January 31: 1. The January 31 bank statement lists $156 in bank service charges, the company has not yet recorded the cost of these services. 2. January 31 cash receipts of $7,580 were placed in the bank's night depository and were not recorded on the January 31 bank statement. 3. The bank statement included a $3,216 credit for interest earned on the company's cash in the bank. The company has not yet recorded interest earned. 4. Outstanding checks as of January 31 total $7,620. 5. A $912 check written by the company was mistakenly recorded in the company's books as $1,092. 6. The Bank by mistake recorded Deposit of $ 4,100 instead of $100 Required: 1. Calculate the adjusted bank balance 2. Calculate the adjusted book balanceStep by Step Solution
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