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The Paye 14. Given: Bank ending balance of 6250, deposits in transit of 560, outstanding checks of 340, book ending balance of 5028, dividend
The Paye 14. Given: Bank ending balance of 6250, deposits in transit of 560, outstanding checks of 340, book ending balance of 5028, dividend revenue of 550, a company cost of 470, interest revenue of 622, service charge of 29, NSF of 29, and an EFT payment of 142. What is the correct cash balance? HINT: company cost is added on the book side. Bank Ending Balance Book Ending Balance $ Deposits in Transiti Outstanding Checks Adjusted Balance Dividend Revenue Company Cost Interest Revenue Service Charge NSF EFT Payment Adjusted Balance Kennedy Cotton ACCT 2010 SL SI Leader Email: kennedy.cotton@unt.edu 15. Hannah Corp.'s ending cash balance is $1000 before adjusting items. The only adjustments were: $50 service charge NSF check for $350 $450 deposit in transit Outstanding Check totaling $850 What was Hannah's unadjusted bank balance on the bank statement? Hint: Cash and Bank have to each other CASH Ending Balance Ending Balance X Service Charge NSF Adjusted Balance Deposits in Transit Outstanding Checks Adjusted Balance Bank $? (what we are finding) 33
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