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Struggling a lot in accounting :( . If an expert solves this would you kindly explain how? I just want to wrap my head around
Struggling a lot in accounting :( . If an expert solves this would you kindly explain how? I just want to wrap my head around it before our next assessment.
10 Required information [The following information applies to the questions displayed below.] 1.81 points The bank statement for Tetra Company contained the following items: a bank service charge of $65; a credit memo for interest earned, $70; and a $160 NSF check from a customer. The company had outstanding checks of $375 and a deposit in transit of $850. eBook Assuming that the unadjusted bank balance was $1,700, what is the unadjusted book balance? References Multiple Choice O $2,175 O $1,545 $2,330 O $2.550 O On September 30 the bank statement of Fine Company showed a balance of $7,650. The following information was revealed by comparing the bank statement to the cash balance in Fine's accounting records: 11 Deposits in transit amounted to $3,315 Outstanding checks amounted to $6,490 A $570 check was incorrectly drawn on Fine's account NSF checks returned by the bank were $790 The bank service charge was $31 Credit memo for $85 for the collection of one of the company's account receivable 1.9 points What is the true cash balance? eBook References Multiple Choice $5,045 O O $5,099 $4,309 O O O $6,894Step by Step Solution
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