ABC's financial record showed cash balance for the month ended on 12/31/2020 for $16,600. The bank...
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ABC's financial record showed cash balance for the month ended on 12/31/2020 for $16,600. The bank statement it received shows the cash balance for the month was $18,619. The following indicates related additional information pertaining to cash: 1. Checks deposited by ABC, but have not been processed by the bank, total $4,597 2. Checks issued by ABC, but has not been cashed by the bank, total $3,490 3. Electronic Funds Transfer collection, total $3,830 4. Interest earned from cash saving account earned by ABC, total $26 5. None sufficient fund (NSF) checks, total $587 6. Bank service fees, total $152 7. Check $ 1,236 deposited by ABC was entered by the bank as $1,263. 8. Check $2,575 issued to vendor for inventory purchase was cashed correctly by the bank. It was recorded by ABC's staff as $2,557 Which items require ABC to prepare adjusting entries to adjusted its 12/31/2020 cash balance? 1,2,3,4 O 1,2,4,7,8 O 3,4,5,6,8 O 5,6,7,8 ABC's financial record showed cash balance for the month ended on 12/31/2020 for $16,600. The bank statement it received shows the cash balance for the month was $18,619. The following indicates related additional information pertaining to cash: 1. Checks deposited by ABC, but have not been processed by the bank, total $4,597 2. Checks issued by ABC, but has not been cashed by the bank, total $3,490 3. Electronic Funds Transfer collection, total $3,830 4. Interest earned from cash saving account earned by ABC, total $26 5. None sufficient fund (NSF) checks, total $587 6. Bank service fees, total $152 7. Check $ 1,236 deposited by ABC was entered by the bank as $1,263. 8. Check $2,575 issued to vendor for inventory purchase was cashed correctly by the bank. It was recorded by ABC's staff as $2,557 Which items require ABC to prepare adjusting entries to adjusted its 12/31/2020 cash balance? 1,2,3,4 O 1,2,4,7,8 O 3,4,5,6,8 O 5,6,7,8
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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