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The bank statement balance is $5,000 and shows a service charge of $26, interest earned of $4, and an NSF cheque for $240. Deposits in
The bank statement balance is $5,000 and shows a service charge of $26, interest earned of $4, and an NSF cheque for $240. Deposits in transit total $1,700; outstanding cheques are $410. The bookkeeper recorded as $155 a cheque of $120 in payment of an account payable. (1) What is the adjusted bank balance? (2) What was the book balance of cash before the reconciliation? (1) What is the adjusted bank balance? The adjusted bank balance is $0 (2) What was the book balance of cash before the reconciliation? The book balance of cash before the reconciliation was $
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