Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Swifty Wyatt is unable to reconcile the bank balance at January 31. Swifty's reconciliation is as follows. Cash balance per bank Add: NSF check Less:

Swifty Wyatt is unable to reconcile the bank balance at January 31. Swifty's reconciliation is as follows. Cash balance per bank Add: NSF check Less: Bank service charge $4,040.20 450.00 32.00 Adjusted balance per bank $4,458.20 Cash balance per books $4,355.20 Less: Deposits in transit 770.00 Add: Outstanding checks 937.00 Adjusted balance per books $4,522.20 (a) What is the proper adjusted cash balance per bank? (Round answer to 2 decimal places, e.g. 52.75.) Adjusted cash balance per bank $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Double Entry Exercises 40 Full Cycle Accounting Cases With Solutions

Authors: L Castelluzzo

1st Edition

1731173954, 978-1731173959

More Books

Students also viewed these Accounting questions