At July 31, Kowloon Ltd. has the following bank information: cash balance per bank HK$74,200, outstanding checks

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At July 31, Kowloon Ltd. has the following bank information: cash balance per bank HK$74,200, outstanding checks HK$7,640, deposits in transit HK$16,200, and a bank service charge HK$220. Determine the adjusted cash balance per bank at July 31.
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Financial Accounting

ISBN: 978-1118978085

IFRS 3rd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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