Answer | |
Bank reconciliation |
|
Cash balance as per Bank Statement | $ 7,388 |
Add: Deposit in transit | $ 3,360 |
$ 10,748 | |
Less: Outstanding Checks | -$ 701 |
Adjusted cash balance per bank | $ 10,047 |
Cash balance per Book | $ 7,424 |
Add: Collection on electronic fund transfer | $ 2,676 |
$ 10,100 | |
Less: Bank Service charge | -$ 53 |
Adjusted Cash balance per books | $ 10,047 |
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The following information pertains to Cullumber Company. Cash balance per books, August 31, $7,424. 2. Cash...
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