Question
The June 30 bank statement shows a balance of $7,100. The following information as discovered while the bank reconciliation was prepared: A bookkeeper error where
The June 30 bank statement shows a balance of $7,100. The following information as discovered while the bank reconciliation was prepared:
A bookkeeper error where a $400 check written to a supplier was incorrectly recorded as $500
Two outstanding checks totaling $840
A bank service charge of $29
A deposit in transit of $330
Bank interest revenue of $20
What is the adjusted bank balance?
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Managerial Accounting
Authors: John Wild, Ken Shaw
5th edition
978-1259176494, 1259176495, 978-1259347641, 1259347648, 978-0078025600
