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The Cash account in the ledger of Hensley, Inc. showed a balance of $5,800 at June 30. The bank statement, however, showed a balance of
The Cash account in the ledger of Hensley, Inc. showed a balance of $5,800 at June 30. The bank statement, however, showed a balance of $10,200 at the same date. The only reconciling items consisted of a $1,250 deposit in transit, a bank service charge of $21, and a large number of outstanding checks.
What is the "adjusted cash balance" at June 30?
What is the total amount of the outstanding checks at June 30? |
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