Cash balance per bank $5,000 Outstanding checks $2,200 Deposits in transit $1,50

Question

Cash balance per bank $5,000 Outstanding checks $2,200 Deposits in transit $1,500 Bank service charge $70 Question: At September 30?, Adept Company has the following information available about its cash? account: LOADING...?(Click the icon the view the? information.) Determine the true cash balance per bank at September 30 and tell where it would be reported in the financial statements. Determine the true cash balance per bank at September 30. ?(Leave any unused cells? blank.) Add: Less: True cash balance at September 30 The true cash balance per bank would be reported on the ? Balance Sheet Balance Sheet and Income Statement Balance Sheet and Statement of Cash Flows Income Statement Income Statement and Statement of Cash Flows Statement of Cash Flows .

Explanation / Answer

True cash balance as per Bank Cash balance as per Bank 5000 Add: Deposits in transit 1500 Subtotal 6500 Less: Outstanding checks 2200 True cash balance as per bank 4300 Cash balance as per bank shall be reported on the BALANCE SHEET and CASH FLOW STATEMENT

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