Question
The following items appeared on the January 31 bank reconciliations for Dupree Company: Outstanding Checks: $74 Deposit in Transit: $80 Bank Service Charge: $4 NSF
The following items appeared on the January 31 bank reconciliations for Dupree Company:
- Outstanding Checks: $74
- Deposit in Transit: $80
- Bank Service Charge: $4
- NSF Check: $40
- Error: Check written by Dupree for $440 was correctly recorded by Dupree, but recorded for $476 by the bank.
- Bank collection of Note Receivable for Dupree: $90
The unadjusted balance per the January 31 bank statement is $1,000.
The adjusted cash balance for the January 31 balance sheet is:
Select one:
a. $970
b. $1,006
c. $1,042
d. $1,088
e. $916
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Question text
The following items appeared on the January 31 bank reconciliations for Shelly Company:
- Outstanding Checks: $100
- NSF Check: $6
- Bank Service Charge: $8
- Deposit in Transit: $80
- Error: Deposit by Shelly for $440 was correctly recorded by Shelly, but recorded for $476 by the bank.
- Bank collection of Note Receivable for Shelly: $170
The unadjusted January 31 book balance is $1,000.
The adjusted cash balance for the January 31 balance sheet is:
Select one:
a. $1,172
b. $1,136
c. $1,192
d. $1,156
e. $1,120
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