Jensen Company has just received the September 30, 2012, bank statement summarized in the following schedule: Cash
Question:
Cash on hand (recorded on Jensens books but not deposited) on September 1 and September 30 amounted to $200. There were no deposits in transit or checks outstanding at September 1, 2012. The cash account for September reflected the following:
Answer the following questions.
1. What is the ending balance per the cash account before adjustments?
2. What adjustments should be added to the depositors books?
3. What is the total amount of the deductions from the depositors books?
4. What is the total amount to be added to the banks balance?
5. What is the total amount to be deducted from the banksbalance?
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Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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