Dexter Company's bank reconciliation shows adjusted cash balance of $3,254.33. The following items also appear on the
Question:
NSF check ................ $110.50
Deposit in transit ................ 332.10
Interest earned ................ 65.42
Outstanding checks ................ 560.55
Bank service charges ................ 30.00
Required
1. Determine the balance on the bank statement prior to adjustment.
2. Determine the balance on the books prior to adjustment.
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Related Book For
Financial Accounting The Impact On Decision Makers
ISBN: 9781305793194
10th Edition
Authors: Gary A. Porter, Curtis L. Norton
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