Cash balance per bank $4,381.20 Add: NSF check 649.00 Less: Bank service charge

Question

Cash balance per bank $4,381.20 Add: NSF check 649.00 Less: Bank service charge 48.87 Adjusted balance per bank $4,981.33 Cash balance per books $4,679.20 Less: Deposits in transit 569.13 Add: Outstanding checks 969.00 Adjusted balance per books $5,079.07 Tasha Orin is unable to reconcile the bank balance at January 31. Tasha%u2019s reconciliation is shown here. What is the proper adjusted cash balance per bank? What is the proper adjusted cash balance per books? Prepare the adjusting journal entries necessary to determine the adjusted cash balance per books. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Explanation / Answer

a) Cash balance per bank 4381.20

Add: Deposits in transit 569.13
Less: Outstanding checks 969.00
adjusted cash balance per bank 3981.33

b)

Cash balance per books 4679.20
Less: NSF check 649.00
Less: Bank service charge 48.87
adjusted cash balance per books 3981.33

c)Dr AR 649

Cr Cash 649

Dr Bank charges 48.87
Cr Cash 48.87

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.