At July 31, Dana Company has the following bank information: cash balance per bank, ($ 7,420), outstanding

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At July 31, Dana Company has the following bank information: cash balance per bank, \(\$ 7,420\), outstanding checks \(\$ 762\), deposits in transit \(\$ 1,700\), and a bank service charge \(\$ 20\). Determine the adjusted cash balance per bank at July 31.

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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