Question
Vaughn Wyatt is unable to reconcile the bank balance at January 31. Vaughn's reconciliation is as follows. Cash balance per bank $3,800.20 Add: NSF
Vaughn Wyatt is unable to reconcile the bank balance at January 31. Vaughn's reconciliation is as follows. Cash balance per bank $3,800.20 Add: NSF check 570.00 Less: Bank service charge 35.00 Adjusted balance per bank $4,335.20 Cash balance per books Less: Deposits in transit Add: Outstanding checks $4,115.20 650.00 940.00 Adjusted balance per books $4,405.20
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Managerial Accounting
Authors: Charles E. Davis, Elizabeth Davis
2nd edition
1118548639, 9781118800713, 1118338448, 9781118548639, 1118800710, 978-1118338445
