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three options add to cash balance per books subtract from cash balance per books no adjustmnet necsesary You are preparing a bank reconciliation. At the
three options add to cash balance per books subtract from cash balance per books no adjustmnet necsesary You are preparing a bank reconciliation. At the end of the month, your company had $16,869 in cash according to its accounting records. During the month, the following transactions took place. For each of the following entries, do you adjust your cash balance per books, and, if so, do you add or subtract the amount from the book balance. Finally, calculate the adjusted book balance. 1. A $590 cheque from a customer was deposited to the company's bank account. The cheque did not clear and was returned by the bank because of insufficient funds. 2. A company cheque for $1,765 was written during the month to a supplier. The cheque hadn't cleared the bank by the end of the month. 3. A customer deposited $2,340 via electronic funds transfer to the company's bank account to pay an outstanding invoice. 4. The company deposited a cheque of $1,755 from a customer. The cheque amount was correct and was correctly recorded in the bank statement. According to the company's accounting system, $1,785 was deposited to the company's chequing account. 5. What is the adjusted bank balance, after reconciliation (whole number without comma or $ sign, e.g. 10000)
three options
add to cash balance per books
subtract from cash balance per books
no adjustmnet necsesary
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