The following information is available for the Maribel Company for the month of June: The unadjusted balance
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Question:
The following information is available for the Maribel Company for the month of June:
The unadjusted balance of the company's Cash account was $26,620 at the end of June.
The bank statement shows a balance on June 30 of $26,960.
Outstanding checks totaled $4,000 at June 30, Deposit in transit totaled $3,000 on June 30.
The bank statement included unrecorded interest earned in the amount of $150.
Check #1221 (in payment of account payable) was written for $4,900, but recorded in the accounting records as $4,090.
The adjusted bank and book balance is:
a. $26.000
b. $25.960
c. $25,620
d. $26,300
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