Explain how each of the following items would appear in
Explain how each of the following items would appear in a four-column proof of cash for the month of November. Assume the format of the proof of cash begins with bank balances and ends with the unadjusted balances per the accounting records.
a. Outstanding checks at November 30.
b. Deposits-in-transit at October 31.
c. Check issued and paid in November, drawn payable to Cash.
d. The bank returned $1,800 in NSF checks deposited by the client in November; the client redeposited $1,450 of these checks in November and $350 in December, making no additional entries in the accounting records.

Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help