A business has the following information:
Cash balance by bank, December 31, $10,500
Deposits in transit, $1,225
Notes receivable and interest charged by bank, $1,000
Bank check printing fee, $50
Outstanding checks, $450
NSF check, $100

What is the company's adjusted cash balance as of December 31?

Answer rating: 100% (QA)

Starting cash balance 10500 Deposits in transit 1225 these are deposits made by ... View the full answer