Question
Southwest Company gathered the following reconciling information in preparing its October bank reconciliation: Cash balance per bank statement, 10/31 $8,500 Deposits in transit 600 Notes
- Southwest Company gathered the following reconciling information in preparing its October bank reconciliation:
| Cash balance per bank statement, 10/31 | $8,500 |
| Deposits in transit | 600 |
| Notes receivable and interest collected by bank | 1,900 |
| Bank charge for travelers checks | 65 |
| Outstanding checks | 7,000 |
| NSF check | 510 |
The adjusted cash balance per books (true cash) on October 31 is
-
A. 8500
-
B. 9100
-
C. 2100
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D. 4535
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Bookkeeping Management Understand And Manage From Financial Statements No Accounting Knowledge Necessary
Authors: Ed Wuensche
1st Edition
0692951997, 978-0692951996
