Question
Sunland Wyatt is unable to reconcile the bank balance at January 31. Sunlands reconciliation is as follows. Cash balance per bank $4,300.20 Add: NSF check
Sunland Wyatt is unable to reconcile the bank balance at January 31. Sunlands reconciliation is as follows.
| Cash balance per bank | $4,300.20 | |
| Add: NSF check | 320.00 | |
| Less: Bank service charge | 33.00 | |
| Adjusted balance per bank | $4,587.20 | |
| Cash balance per books | $4,615.20 | |
| Less: Deposits in transit | 900.00 | |
| Add: Outstanding checks | 938.00 | |
| Adjusted balance per books | $4,653.20 |
(a)
What is the proper adjusted cash balance per bank? (
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Managerial Accounting, 1, (6 Months)
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
14th Edition
1337270814, 9781337270816
