Question
Using the following information: The bank statement balance is $5,331. The cash account balance is $5,777. Outstanding checks amounted to $646. Deposits in transit are
Using the following information:
The bank statement balance is $5,331.
The cash account balance is $5,777.
Outstanding checks amounted to $646.
Deposits in transit are $1,059.
The bank service charge is $24.
A check for $73 for supplies was recorded as $64 in the ledger.
Cash balance according to bank statement | $fill in the blank 1 | |
Adjustments: | ||
Bank service chargeDeposits in transit not recorded by bankError in recording check | $ | |
Bank service chargeError in recording checkOutstanding checks | - Select - | |
Total adjustments | fill in the blank 6 | |
Adjusted balance | $fill in the blank 7 | |
Cash balance according to company's records | $fill in the blank 8 | |
Adjustments: | ||
Bank service chargeDeposits in transit not recorded by bankOutstanding checks | $ | |
Deposits in transit not recorded by bankError in recording checkOutstanding checks | ||
Total adjustments | fill in the blank 13 | |
Adjusted balance | $fill in the blank 14 |
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