Question

MP Tab 10D *04 (attempti X G rotational slump - Google x G What characterizes 'blind x Course Here zes/278618 Question 8 0 1 3 pts me M You receive a bank statement that shows a cash balance of $66,744. However, company records show a $71,948 cash balance. The statement shows the following items that the company has not recorded: $2,700 in customer deposits from a lock box and a $224 bank service fee. The company made a $12,240 deposit at the end of the month that the bank does not show. You also note that $4,560 in company checks have not been cashed yet. Create a Bank Statement for your company. (Select] Bank Cash Balance Add: [Select) [Select) Subtract: Select] [ Select) Adjusted Bank Cash Balance [Select) Select] Company's Cash Balance (Books) Add: (Select] Subtract [Select) [ Select] [ Select]

Answer 1

Cash Balance as per Bank	$66,744	Cash Balance as per Cash Book	$71,948
Add:Deposit in Transit	$12,240	Add:Omission of Cash deposit	$2,700
Less:Outstanding checks	-$4,560	Less:Service charges	-$224
Adjusted Bank balance	$74,424	Adjusted Book balance	$74,424