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The Cash account in the ledger of Hensley, Inc. showed a balance of $6,100 at June 30. The bank statement, however, showed a balance of
The Cash account in the ledger of Hensley, Inc. showed a balance of $6,100 at June 30. The bank statement, however, showed a balance of $10,900 at the same date. The only reconciling items consisted of a $1,350 deposit in transit, a bank service charge of $23, and a large number of outstanding checks.
What is the "adjusted cash balance" at June 30? |
A)$10,900.
B)$6,077.
C)$6,173.
D)$4,750.
Part 2) What is the total amount of the outstanding checks at June 30? |
A)$6,173.
B)$4,750.
C)$6,150.
D)$3,354
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